On Wed, May 6, 2020 at 9:13 AM Charles Hoffman <[email protected]> wrote: > > XBRL is, in fact, multi-language. The European Union publishes their ESMA > XBRL Taxonomy in 26 different languages. > > XBRL is used by over 100 different regulators in 60 countries: > > https://www.xbrl.org/xbrl-around-the-world/ > > Every public company that is regulated by the U.S. Securities and Exchange > Commission has used XBRL since 2009: (about 6,000 companies and 5,000 mutual > funds) > > https://edgardashboard.xbrlcloud.com/edgar-dashboard/ > > Every bank that is regulated by the FDIC has used XBRL since 2003: (about > 6000 banks) > > Every energy company regulated by the FERC will start using XBRL in 2021: > (about 650) > > Every listed company in the European Union reports to the European Single > Market Authority (ESMA) using XBRL starting this year: (about 10,000 listed > companies) > > I could go on and on...
Hmmmmmmm - - - - and yet when I was trying to connect with retailers re: a small processor project that I've been working on - - - - not one company even asked for EDI in any way shape or form. There was no mention of anything that remotely equated to XBRL for financial document interchange. What was really frustrating was that most of these retailers expected a phone call where a itemized request list would be given as an ordering method. For a small company the regulatory environment already results in a 3/4" stack of paper which needs to be closely monitored updated at least annually in many parts and that is only for the operational systems. Every contact had their own expectations for connection and ordering and payment - - - - - well then things got real interesting. There was never any mention of anything like an electronic interchange of data never mind anything like XBRL. Maybe XBRL is used by governments and outward facing documents in large corporations. Is it actually being used throughout the entire supply chain anywhere? Regards -- --- You received this message because you are subscribed to the Google Groups "Ledger" group. To unsubscribe from this group and stop receiving emails from it, send an email to [email protected]. To view this discussion on the web visit https://groups.google.com/d/msgid/ledger-cli/CAPpdf59cLPwavB%3DqkhATgrd9Xu93UK4JVD6Ro0Ex9cgxyPPA%3Dg%40mail.gmail.com.
