But XBRL’s skeptics continue to make a lot of noise in their own right.
“Critics have called the introduction of extensible business-reporting language, or XBRL, a boon for consultancies and regulators but a pain for practitioners,” writes CFO.com’s Alan Rappeport in an article that puts XBRL skeptics at center stage. “… Proponents hope it will make financial data easier to sort and analyze, but others see it as an expensive gimmick.”
Their objections might fall on deaf ears. XBRL could be the law of the land sooner rather than later.
What’s your opinion? Will XBRL be a boon or a bust?