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New Standard Supports Sarbox Compliance

New Standard Supports Sarbox Compliance

by Rick Turoczy on August 25, 2004

Many enterprises and the software vendors that serve them are just beginning to wrap their arms around the implications of the Sarbanes-Oxley Act for the way they do business. A new technical standard for describing financial data holds great promise for helping companies streamline their compliance efforts, Yankee Group’s Judah Phillips told CRM Daily. Called XBRL (Extensible Business Reporting Language), the specification is a subset of XML and the ever-widening field of Web-services standards.

New Standard Supports Sarbox Compliance

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