The Chartered Financial Analysts Take on XBRL

The CFA Institute has released a publication which provides an overall summary and explanation of XBRL. It also provides a ringing endorsement. "The adoption of eXtensible Business Reporting Language (XBRL) for financial reporting holds great promise as a source of efficiency, transparency, and comparability in the delivery of financial information. XBRL provides a standardized, interactive, computer-based framework for financial reporting and offers clear advantages to filers, investors, and regulators. CFA Institute supports the initiative enthusiastically."

The publication is downloadable free from the CFA site.