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Monday, April 09, 2007

IAC pitches XBRL

The Industry Advisory Council released a white paper on the eXtensible Business Reporting Language, an international open-standard electronic business language. The report outlines the potential benefits for the federal financial-management community, such as data traceability, consistency, flexibility, reuse and visibility. XBRL streamlines processes for collecting and reporting data. The paper may be found here.

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