Smart money betting on XBRL mandate soon

The likes of Microsoft, General Electric and Ford are already filing information in XBRL. One might bet that a formal requirement is an inevitability. Or a bet that such reporting is a just a good idea. Or both. So far, about 61 companies file reports with the format. Many top banks have gotten their feet wet by filing information using the language with the FDIC. Interestingly, some executives are said to fear a formal requirement because they think it will lead to Sarbanes Oxley like upheaval. Really, the best course of action is to start tinkering now. It is reality in the making. Your shareholders will likely thank you.  

For more:
- here's the article from eWeek