Xbrl

XBRL, Automation, and Enhancing the Credibility of Financial Reporting and Auditing Presented by Ian Ball Chief Executive, world-wide Federation of Accountants 14th Annual XBRL International Conference Philadelphia, USA - declination 4, 2006 Introduction Thank you Walter, and ladies and gentlemen, for your warm welcome. It is my pleasure to be here today. Clearly, in that location is increased interest in XBRL and a growing acknowledgment of the important role it can play in enhancing the single and the credibility of pecuniary account and auditing. This is evidenced by the attending here today of all of you and of the participation in this group of leaders of the accountancy profession, the private sector and government. This historic city of Philadelphia was the site of many important events in the founding of the unify States. And this week, Philadelphia again plays host to a revolution this one, a static revolution in the way that we report and audit pecuniary information.

Todays subject XBRL and the credibility of pecuniary reporting and auditing is an issue that is directly related to one of IFACs name goals: enhancing the credibility of financial reporting and auditing across all sectors of the providence public and private, for profit and not-for-profit, listed and unlisted. Today, I would like to present my views on how I see that credibility being enhanced by XBRL and the automation of financial reporting processes, and what it means for accountants in business, auditors and users of financial information. The importance of this issue is underscored by the accelerating demand for enhanced financial reporting through the use of technology. All the information users in the financial reporting supply chain are demanding to a greater extent extensive financial and non-financial information. They need this information on a timely (yesterday) basis. It needs to be easily accessible and, where possible, betrothed to specific needs. Listed companies... If you want to get a full essay, couch it on our website: Ordercustompaper.com

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