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The setup costs for XBRL is relatively low, but without the proper user tools, regulatory filings can turn into "gibberish."
Sarah Johnson, CFO.com | US
October 4, 2006
Without reporting requirements and controls XBRL will be a debacle that will give Machiavellian CEO's a very useful tool for disguising, hiding and ommitting key required disclosures. It will spawn disasters that will make Enron look small. Public markets need strict reporting to be protected -- the honor system is always applauded by criminals.
Posted by randall enders | October 04, 2006 04:46 pm
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