Surveys show, and experience has proven, that corporate financial reporting errors not only impact the bottom line, they can erode a company's reputation in the market. eXtensible Business Reporting Language (XBRL) is a standard designed to improve accuracy and reliability in the electronic transmission of enterprise financial data.

This paper discusses how companies around the world must determine how they will approach compliance with the mandated use of XBRL. Learn the proper approach to accelerate financial reporting, decrease errors, streamline processes and ultimately, lower costs.