Companies Should Go The Distance in their XBRL Reports

Mane of the companies who are filing XBRL reports with the SEC don't see the value of it, but rather simply regard the filings as a compliance exercise. They are being shortsighted and if they would stop and listen, they would begin to see the real value, both potentially to their own reporting process and to the analysts who report on their results to investors.

Mike Willis, a partner of PWC and a true global leader in XBRL has written a paper on this point of view. Here's a summary of it from the Hitachi Blog.