Danger Zone 11/4/13: XBRL (eXtensible Business Reporting Language)
The potential utility of XBRL as a tool for regulators to fight fraud and investors to better analyze companies makes its numerous flaws that much more of a shame. I can only hope that the SEC realizes the value of XBRL and makes a commitment to ensuring the accuracy and validity of XBRL data.
David Trainer, Founder & CEO