Financial Services Industry
Industry: Email Alert RSS FeedNASDAQ vice chairman talks about XBRL, capital market transparency and role of CPAs
CPA Letter, The, January, 2003 by Anonymous
In Aug. 2002, the NASDAQ Stock Market, Inc., Microsoft Corp. and PricewaterhouseCoopers teamed up to launch a pilot program that would demonstrate the power of XBRL (eXtensible Business Reporting Language) (The CPA Letter, Sept. 2002). The pilot program showcases XBRL's ability to provide companies with an easier means to communicate financial information and deliver it to investors with enhanced capability to analyze data.
Through this program, investors are provided with remote access to financial data from the financial reports of 21 NASDAQ-listed companies starting with a company's most recent financials and going back five years (www.nasdaq.com/xbrl). NASDAQ, a key driver of capital formation, is the first stock market to recognize the value of XBRL.
"NASDAQ is...
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