IAC pitches XBRL

Tech brief

The Industry Advisory Council released a white paper on the eXtensible Business Reporting Language, an international open-standard electronic business language. The report outlines the potential benefits for the federal financial-management community, such as data traceability, consistency, flexibility, reuse and visibility. XBRL streamlines processes for collecting and reporting data. The paper may be found here.

About the Author

Patrick Marshall is a freelance technology writer for GCN.

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