Global XBRL Adoption Update

A global update on XBRL adoption was released a while ago by XBRL International. The survey shows a spread of SBR as a motivation for adoption of XBRL, notably in Australia, but also other countries. SBR (Standard Business Reporting) is an approach to standardization of government filings and reports using XBRL as the core technology. SBR has been a key strategy in several countries to reduce the burden to business of compliance with governmental filing requirements. Hopefully, the Canadian Government will consider SBR in their new Red Tape Commission initiative.

The global survey also shows a continued growth of XBRL in the regulatory area, particularly in securities regulation. A presentation on the survey with lots of details built in can be found at this site.