More than half of internal auditors say they are not familiar with new technology that provides interactive data tags for financial statements, according to a new survey.
The Securities and Exchange Commission has been pushing more public companies to file financial statements using Extensible Business Reporting Language by next year (see XBRL - The Benefits Are Clear but Challenges Remain). However, a survey by the Institute of Internal Auditors of more than 200 chief audit executives found that 51 percent said they don't have any XBRL knowledge at all, and 42 percent know only the very basics.
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