Search:


Financial Leadership Forum

 

More Companies Preparing for XBRL Adoption

Many companies are getting a jump on preparing for adoption of interactive data-tagging technology on their financial statements, even before they are subject to SEC requirements.

According to a survey by XBRL US, the standard-setter for the technology in the U.S., 73 percent of the 200 representatives of public companies polled in November said they have begun preparations for adoption of XBRL; 93 percent of those surveyed said they had at least a basic knowledge of XBRL.

The survey also found that 55 percent of those who have already submitted XBRL-tagged data have used consultants or outside vendors to create and submit their financials, while 56 percent of those who have yet to submit plan to outsource the job to a service provider.

Read more.

Other News

About The Forum

The Financial Leadership Forum is committed to ethical responsibility, excellence, strategic innovation and best practices in financial and business management. The Forum supports financial leaders and executives through powerful advocacy, thought leadership, executive education and essential resources.
>> Learn more

Membership Criteria

Membership is open to business and finance professionals who are CalCPA members. For professionals who are not yet CalCPA members, please visit www.calcpa.org/join.