Dave van den Ende and Wim Scheper reinforce the argument for XBRL's becoming the universal reporting language. Into the Babel-like and provincial domains of the world's accounting-speak, XBRL brings a high-level, standards-based, interactive, and transparent format to digitally cut across conflicting standards. As the writers make clear, financial officers should embrace the standard as a means to dramatically improve internal reporting and communications.
Deloitte's summary is excellent and will be featured here.