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iXBRL Going Mainstream

Posted on November 28, 2016 by Jerry Trites

eXtensible Business Reporting Language is becoming mainstream as costs stabilize, data quality improves and investor analysis capabilities expand substantially.

Recently the SEC approved the use of iXBRL for filings. iXBRL combines HTML with XBRL to result in filings that are easily readable by humans but with all the XBRL codes built in.

It is hoped that this approach will enable the elimination of the dual approach currently used under which all filings must be filed twice, onece in the traditional format and once in XBRL.

A white paper outlining this approach can be downloaded from this site.

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