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Friday, September 16, 2005

Mok: Government should adopt XBRL

Federal agencies should adopt Extensible Business Reporting Language (XBRL) for their financial data, said Samuel Mok, the Labor Department’s chief financial officer. A derivative of Extensible Markup Language, XBRL is an open metadata standard for tagging business and financial data that greatly simplifies analysis by making information buried in text documents visible to computers.

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