In Washington, a new language is being devised that will be spoken across US companies. The new lingo is Extensible Business Reporting Language, an XML data tag system that, while still adhering to US accounting principles, will set a standard for reporting financial information.
The nonprofit working on this project is XBRL US, the American arm of XBRL International, the global consortium for the system's implementation. XBRL US is currently gathering input from the variety of interests that would need ...