Wednesday, June 2, 2010

Global XBRL Adoption Survey

Last year, XBRL International issued a Global Update on XBRL Adoption which shows that Standard Business Reporting (SBR) is a motivation for adoption of XBRL, notably in Australia, but also other countries. SBR is an approach to standardization of government filings and reports using XBRL as the core technology. It has been a key strategy in reducing the burden to business of compliance with governmental filing requirements. The global survey also shows a continued growth of XBRL in the regulatory area, particularly in securities regulation.