Excerpt from the conclusion of the article: “XBRL is the key technology for capital market communication in the coming years. Due to developments in the USA, application conventions are being developed there, particularly for company-specific taxonomy extensions. Regulators, software experts and auditors are currently leading the discussion. What is largely missing from the discussions are the future creators and users of XBRL data. This is a risk for everyone involved and would lead to unnecessary friction in the coming years. XBRL technology is ready. Waiting reduces the alternative courses of action later…”
Excerpt from the conclusion of the article: “XBRL is the key technology for capital market communication in the coming years. Due to developments in the USA, application conventions are being developed there, particularly for company-specific taxonomy extensions. Regulators, software experts and auditors are currently leading the discussion. What is largely missing from the discussions are the future creators and users of XBRL data. This is a risk for everyone involved and would lead to unnecessary friction in the coming years. XBRL technology is ready. Waiting reduces the alternative courses of action later…”
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