XBRL Chugs Along Despite Scant Users

Companies feeling the burden of Sarbanes-Oxley accounting regulations can take comfort.

There's a maturing specification that helps businesses cut costs and time in reporting financial information, and it is gaining steam from high-tech companies out to improve the exchange of information gaining steam.

The eXtensible Business Reporting Language (XBRL) was created to promote the automated processing of business information by software on a computer, saving the time and manpower it takes workers to enter data by hand.

See full Article.