“XBRL - The eXtensible Business Reporting Language ”

Information Age: Transparency Is More Powerful Than Regulation

8/15/2011 2:18:32 PM   Bron: XBRL.org

...earlier this month Congress got a lesson on the potential of better disclosure. "Today's financial crisis was driven in part by a lack of accurate, easily usable information to give investors what they need to make informed, responsible decisions," testified Mark Bolgiano, chief executive of a non-profit technology and accounting consortium called XBRL US. "The value of toxic asset-backed securities remains a mystery because information on the underlying loans and ongoing viability of those loans and the securities themselves was not collected consistently and even if it had been, it would not have been in a usable, portable form."

<< Terug    Lees verder >>