Discover the many opportunities available through the adoption of XBRL.
The SEC’s approval in December 2008 of an official timeline for the mandatory adoption of XBRL reporting signalled an important evolutionary step for the reporting technology in the US.
With the SEC’s mind well and truly made up, no longer was the debate focused on the desirability of XBRL. Instead, discussions moved on to the question of managing the process as more than 500 issuers prepared to embark on their year-one filings. By the end of August 2009, over 500 of the largest companies had filed their form 10Qs in XBRL format.
This white paper will give you insight into the main challenges facing issuers, as well as where the opportunities lie for significant improvements in stakeholder communication. XBRL offers issuers the chance to drastically improve the quality, depth and timeliness of all stakeholder communication.