XBRL du Jour [ was Grant Thornton LLP Survey finds Half of Senior Finance Executives “Dumber Than Soup” ]

Take it to the bank – GCN Agency Award | Federal regulators put massive new financial reporting system to work

New SEC ‘Language’ Good News for Investors

<ed.note>O.k. I may be paraphrasing a bit but you see my point:</ed.note>

Nearly one-half of senior finance executives are not aware of the eXtensible Business Reporting Language (XBRL), a technology that provides a standard form of communication in both internal and external reporting of financial information; and nine in 10 believe that the accounting profession has not adequately communicated the benefits of XBRL for internal as well as external financial reporting, according to a national survey conducted by Grant Thornton LLP.

<ed.note>Yeah — it’s not like they could have found anything about this arcane technology in the blogosphere ;-)</ed.note>