A FASB Member Points out that XBRL is Useful and Being Used

Harold Schroeder, a member of the Financial Accounting Standards Board (FASB), states that structured data, including XBRL, is being used. He says every time an investor uses data from a data integrator, s/he is using structured data, often XBRL. They just don't know it. The remarks were made in an address at the conference of XBRL US last month..