Are You Prepared for XBRL? Lessons from the Field
Financial Executives International, 26(8), 30-33 (2010)
Posted: 29 Oct 2014 Last revised: 27 Jan 2015
Date Written: 2010
One key finding from the first year of implementing eXtensible Business Reporting Language is that getting it right is critical, since errors or noncompliance can trigger an amended filing and possibly damage a company’s reputation. This article discusses the impacts of the SEC requiring the use of XBRL as well as the steps that are critical to a successful implementation.
Keywords: XBRL, IT, Financial Statements, Audit, Accounting
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