XML for business reporting gains momentum

Blogger : InfoWorld: Web services
All posts : All posts by InfoWorld: Web services
Category : XML
Blogged date : 2006 Aug 16

Two years ago I wrote an unflattering report on XBRL (eXtensible Business Reporting Language), an emerging standard that aims to improve the speed, accuracy, and transparency of business and financial reporting. I applauded its goals, as we all should in the wake of Enron and other scandals, but worried about the complexity of the 151-page XBRL specification, its aggressive use of esoteric features of XML, and its reliance on accounting “taxonomies” defined by committees.

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