XBRL extension to bring structured data to Disclosure
A great post by Hitachi XBRL (one of the leading xbrl groups out there).
Another example of expanding XBRL beyond financial statements is the work being done by a nonprofit group called the Enhanced Business Reporting Consortium. The EBRC is attempting to organize a market-based initiative involving the collaboration of companies, investors, and a wide range of intermediaries like sell-side analysts, rating agencies, and accounting firms. Recently members of this group met with SEC Chairman Christopher Cox to talk about how XBRL could be extended into broader narrative reporting, such as for the MD&A and 10K, and for industry-specific key performance indicators.
A very rough draft XBRL taxonomy for the Enhanced Business Reporting Framework Version 2.0 has been developed.
Here at Q4 we’ve been extending and building out our systems and in the coming months we will release the next version of Q4 Web and another exciting Enterprise 2.0 type product. From these you’ll begin to see how we are working to bring the value of structured data like XBRL and now EBR to the world of corporate reporting and disclosure in general.
Technorati Tags: Disclosure, SOX, XBRL, Corporate reporting, Q4 Web Systems, Q4
Related posts:
- Interactive Disclosure (XBRL) Continues to Grow
- SEC to mandate XBRL for financial reporting
- Canadian securities regulators launch XBRL voluntary filing program
- Discover the Power of Interactive Data
- Summer ‘09 Preview bring social media and xbrl to IR websites
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