Regulators and XBRL

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By introducing XBRL for reporting, regulators and other authorities can

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Obtain data which can be entered automatically into systems without rekeying, reformatting or other translation effort.
arrow   Dramatically reduce costs by automating routine tasks.
arrow   Quickly and automatically identify problems with filings.
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Analyze and compare data much more quickly, efficiently and reliably. Benefit from the use of software in validation and analysis.
arrow   Monitor data and activities and reach judgments with far greater speed and confidence.
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Focus effort on analysis, decision-making and dealing with counterparties rather than on data manipulation.
arrow   Provide a much faster and focused response to counterparties.
arrow   Promote efficiencies and cost savings throughout the regulatory filing process