This paper describes some of the benefits and opportunities in relation to the use of XBRL, as it exists today, from a domestic (U.S.) and international perspective, as well as some possible challenges to its widespread adoption and acceptance. Additionally, this paper discusses what specifically XBRL means for accountants in business (e.g., business management), public practice, or academia, those involved in the development of assurance services, and users of financial information.

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American Accounting Association
2007