A U.S. nonprofit consortium is hoping the prospect of a US$20,000 cash prize will help spur the creation of open-source software tools companies can use to work with the XBRL (Extensible Business Reporting Language) standard for financial reporting.
"xbrl" news, interviews, and features
News about xbrl
XBRL is a version of XML defined to meet the requirements of business and financial information. With XBRL, unique identifying tags are applied to financial data items.
IBM's Data Governance Council, a group of 50 large financial companies and other organizations worldwide, on Monday announced an initiative aimed at persuading the industry to adopt XBRL (extensible business reporting language) as a standard for risk reporting.