New York (Jan. 19, 2004) -- XBRL International, a global consortium of accounting, technology and financial services companies and government agencies, has released version 2.1 of its Extensible Business Reporting Language technical specification.

XBRL is an open specification that uses XML-based data tags to describe financial data in business reports and databases. The latest release of the specification clarifies and enhances the manner in which business reporting software applications produce or consume XBRL-tagged data to make the specification more readily usable, according to Walter Hamscher, member at large and acting chair of the XBRL International Steering Committee.

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