PwC, Hitachi Team in XBRL Pact

Big Four firm PricewaterhouseCoopers and technology and electronics concern Hitachi America have partnered on a program integrating Hitachi's proprietary XBRL product with PwC's audit management software.

Specifically, the pact entails Hitachi's XBRL solution -- Xinba -- providing users the ability to port information directly to PwC's TeamMate audit software product.

Xinba allows users to import, validate and analyze XBRL documents and generate customized reports. The solution uses Web Services to access the XBRL taxonomies and the instances, which can either be stored locally, over a network, or online.XBRL, an acronym for Extensible Business Reporting Language, is a technology that tags financial information through disparate applications and carries it through the business reporting chain.

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