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The language of risk: why the future of risk reporting is spelled XBRL

Charles Garthwaite (Senior manager in the financial services e‐business risk‐management practice at PricewaterhouseCoopers)

Balance Sheet

ISSN: 0965-7967

Publication date: 1 August 2000

Abstract

This article explores the impact that XBRL, the new business reporting language, will have on reporting in financial services companies. The author explains how XBRL works and how it should mean that companies and users of corporate information will be able to use financial services, which is much more reliant than other business entities on simple data, will be able to assess the impact of the financials in a much faster and more fluent way. The author provides a short research programme to prove XBRL’s impact.

Keywords

Citation

Garthwaite, C. (2000), "The language of risk: why the future of risk reporting is spelled XBRL", Balance Sheet, Vol. 8 No. 4, pp. 18-20. https://doi.org/10.1108/EUM0000000005373

Publisher

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MCB UP Ltd

Copyright © 2000, MCB UP Limited