XBRL is an emerging standard for filing public financial disclosure data.  In May 2008, the SEC proposed a mandate for companies using U.S. Generally Accepted Accounting Principles with a worldwide public float over $5 billion (approximately the 500 largest companies) to make financial disclosures using interactive data formatted in XBRL for fiscal periods ending in late 2008. A portion of the SEC website is dedicated to XBRL.
XBRL (eXtensible Business Reporting Language) is an XML-based language for the electronic communication of business and financial data. XML (eXtensible Markup Language) is a standard for the electronic exchange of data between businesses and on the internet. XML applies identifying tags to structured data, making it easy to index and search electronic files for specific pieces of information.
Integreon’s team of CPAs and accounting experts are completely up-to-date with all the latest XBRL developments. Integreon can provide a complete end-to-end XBRL solution with services ranging from expert consulting, mapping, tagging and validating to compliant filing with the SEC – all managed by Integreon. We can assist you in tagging both your financial and non-financial documents, as well as filing them with the SEC.
Read more about XBRL, including specifications and taxonomies at XBRL International.