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XBRLS is designed to be 100% XBRL compliant. The stated goals of XBRLS are "to maximize XBRL's benefits, reduce costs of implementation, and maximize the functionality and effectiveness of XBRL". [1] XBRL is a general purpose specification, based on the idea that no one is likely to use 100% of the components of XBRL in building any one solution.
XBRL is an open standard "language" for the digital exchange of reports. The taxonomy "enables businesses to generate the required reporting information directly from their own records and the government, to then process this information efficiently and effectively". [7] Data exchange via Digipoort takes place through XBRL as much as possible.
XBRL International has issued and reissued a stability pledge in relation to the core XBRL 2.1 specification. In addition to the core XBRL 2.1 specification, work continues on the development of XBRL modules that define new, compatible functionality. XBRL Dimensions – This module has achieved Recommendation status in 2005. A new edition of ...
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The XBRL Global Ledger Taxonomy Framework (XBRL GL) is a holistic and generic XML and XBRL-based representation of the detailed data that can be found in accounting and operational systems, and is meant to be the bridge from transactional standards to reporting standards, integrating the Business Reporting Supply Chain.
XBRL was originally the work of the AICPA, created as a way to advance financial reporting and facilitate the global exchange of financial data.XBRL International was created to ensure compatibility and agreement among industry members and to promote adoption of the standard around the world.
XBRL assurance is the auditor's opinion on whether a financial statement or other business report published in XBRL, is relevant, accurate, complete, and fairly presented.. An XBRL report is an electronic file and called instance in XBRL terminolo