Open Letter to Jim Cooper: If xbrl is good enough for corporations, why not for governments?

<ed.note>My email to Jim Cooper: Jim: Thanks for coming to the debate in Nashville. I’d like to suggest that the Congress and the NGA.org build a universal chart of accounts for the States and the FedGov and express the budgets in extensible business reporting language. FYI: I’ll be blogging your response. Thanks.</ed.note>

October 30, 2006, "Will the AICPA Take Over XBRL Standards?" David M. Katz, CFO.com

Companies could be filing XBRL-ready financial statements as soon as 2008. But some observers worry that the definitions corporations will have to follow will be written almost entirely by accountants.