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What if accounting data was presented in a uniform, standardized way in an open XML format that everyone understood. Why, that would be “radical transparency,” and that’s precisely what we need now, an eXtensible Markup Reporting Language (XBRL) Wired says let’s use XBRL on all financial data, public company or not. This could help [...] An initiative spearheaded by the SEC (yes, the SEC!) to create an open data standard called XBRL (Extensible Business Reporting Language) for financial reporting is being adopted worldwide. XBRL, or “interactive data” as the SEC often refers to it, is an open information format standard that enables automated, global sharing of business information as [...] |  | ||||
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