The simple complexity of XBRL

At a recent Securities and Exchange Commission (SEC) and Financial Reporting Institute Conference in California, Robert Herz, chairman of the Financial Accounting Standards Board, said that one complication involved with implementing eXtensible Business Reporting Language (XBRL) is the difference between US accounting standards and those abroad. That means that both US GAAP and IFRS have different data "tags," which adds to the cost and confusion of using XBRL (view the full article).