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May 31, 2003

XBRL language pains

XBRL may be the betamax of electronic languages

Touted as the next big thing for financial reporting, XBRL – or extensible business reporting language – was supposed to conquer the IR world and make things a whole lot easier for everyone involved in the financial reporting process.Zachary Coffin, chair of XBRL.org's liaison committee, told IR magazine back in 2001 that 'around 15-18 percent' of US companies would be reporting in XBRL by the end of that year.So what happened? Not a lot. In fact, it seems there are just four companies

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Richard Carpenter

Covering investor communications, sustainability and employee engagement, Richard Carpenter has worked with the likes of Aviva, Facebook, Alibaba, HSBC and the London Stock Exchange. Before joining Bladonmore, he was CEO of MerchantCantos, part of...
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