Posts tagged: CPAs

Even The Accountants Are At It!

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The American Institute of CPAs has joined with the Big Five and several technology companies to develop Internet-based program code that promises to revolutionize financial reporting.

The XFRML Consortium is developing “XML-based financial reporting markup language,” also known as XFRML, a programming language that formats financial reports for transport across the Internet and viewing on browser-equipped computers. The tool is a derivation, or “specification” of extended markup language, which is fast supplanting HTML as the language for Web-based documents.

The group’s members expect their language to evolve into “the digital language of business,” by first establishing itself as the business community’s standard for preparing financial reports, and publishing Read more »