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eXtensible Business Reporting Language, better known as XBRL, is used as the common (computer) language for the electronic communication of business and financial data. The benefits and opportunities of embedding XBRL within internal processes can enhance management communication, thus increasing the value of information used within an organization.
This white paper was developed jointly by ISACA and IFAC, providing guidance on how to leverage value from XBRL initiatives and compliance requirements, with examples and case studies included.