New publication from ISACA and IFAC.

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ISACA and the International Federation of Accountants (IFAC)'s Professional Accountants in Business (PAIB) Committee have jointly developed a paper, Leveraging XBRL for Value in Organizations, to provide guidance on how to leverage the value of eXtensible Business Reporting Language (XBRL) through effective implementation. XBRL is a universal language of business reporting that is increasingly being used for both external and internal reporting by organizations and is gaining traction worldwide.

"Understanding how to embed XBRL within an organization's information processes can enhance management communication, increasing the value of the information used within an enterprise," said Roger Debreceny, Ph.D., FCPA, CGEIT, member of ISACA and co-developer of the XBRL paper. "ISACA collaborated with IFAC...

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