XBRL and Auditing


eXtensible Business Reporting Language (XBRL) is a language for the electronic communication of business and financial data which is set to revolutionize business reporting around the world. On January 30, 2009, the SEC adopted the Interactive Data to Improve Financial Reporting final rules (the Final Rules) requiring public companies that prepare their financial statements in accordance with U.S. generally accepted accounting principles (GAAP), and foreign private issuers that prepare their financial statements using International Financial Reporting Standards (IFRS) as issued by the International Accounting Standards Board (IASB) to provide their financial statements to the SEC and on their corporate Web sites in interactive data format using XBRL.

The CAQ has developed this section of our Web site to include information about XBRL. We encourage our member firms to learn more about XBRL in order to understand how to obtain more rapid and reliable data on a company's financial performance; greatly reduce effort and costs in gathering and analyzing data for benchmarking purposes; focus efforts on analysis and value-added work and to simplify and automate tasks. 

Learn More About XBRL



  • PCAOB FAQs, Attest Engagements Regarding XBRL Financial Information Furnished Under the XBRL Voluntary Financial Reporting Program on the EDGAR System

Section IV. FASB


  • XBRL AICPA Advocacy Efforts - The Institute believes that users of financial and other business information benefit from data tagging because interactive data allows for easier access to more transparent information.
  • XBRL and Finacial Reporting - Complete overview of XBRL, including its background, how XBRL works, potential benefits and uses, related webcasts, articles, cpe products, Q&As and comment letters.