NU Online News Service, June 19, 3:15 p.m. – XBRL.org, New York, has released a draft of a new set of standards that could make it easier for companies to share information from financial statements on the Web.
The standards set, XBRL for Financial Statements, lists hidden "tags," or identification codes, that software developers, accountants and corporations can use to identify corporate names, telephone numbers, net income figures and other types of information in electronic financial statements.
The hidden tags will help computers search financial information databases quickly for the information that users want to find, advocates say.
XBRL released an early version for U.S. software developers in July 2000.
