Special Issue on the World Wide Adoption of XBRL for Financial Reporting and Beyond

摘要

This paper is a great overview and description of the process and value of the standard business reporting (SBR) in various aspects of the society. Although several countries were considering SBR for virtually all aspects of business reporting including government reporting, Australia is the first country to carry this vision to the reality. One focus of this effort is to create a seamless business-to-government reporting using XBRL (extensible Business Reporting Language). "The SBR Program aims to simplify and improve business-to-government reporting and reduce the regulatory burden.