Four Myths of XBRL
For too long, XBRL (eXtensible Business Reporting Language) has suffered from four  myths. Myths that have become intrenched in the world of financial reporting.

We reject these myths, and believe strongly that the preparation of SEC-ready XBRL should be easy, inexpensive, while still producing high quality information for the SEC and for the regulator community.

XBRL is all about improving the quality and transparency of information that is already submitted to the SEC, and that companies have already been producing for years.

We reject the idea that compliance with the XBRL mandate should add a whole additional layer of technical, accounting and financial burden.