Many companies are taking a proactive approach to XBRL

02/1/2010 | JournalofAccountancy.com

Companies are ahead of the curve when it comes to filing financial statements in Extensible Business Reporting Language, a trend that one industry watcher says bodes well. A survey conducted by AICPA and XBRL US found that 93% of respondents had at least basic XBRL knowledge and 73% had started preparation for the transition.

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