Since 2009 the SEC has required public company filings to be done in the electronic eXtensible Business Reporting Language (XBRL) format. Today, through the evolution of technology, a new reporting format has been created – Inline XBRL (iXBRL).
A benefit of this new type of filing is that iXBRL streamlines a company’s reporting processes and should help reduce the cost of filings with the SEC. However — as public companies leverage available technologies to their advantage when filing, there are also prospective risks of iXBRL.
PwC’s latest paper explores the implications of iXBRL and related technologies, including potential benefits for public companies, as well as risk considerations and how to mitigate them.
