One of the key success factors in introducing wide scale change is to involve impacted stakeholders early and often. Open discussion of challenges and obstacles fosters collaboration to resolve issues. The SEC is welcoming criticism from financial managers which bodes well for it's XBRL effort.
[excerpted from CFO.com] The commission hopes to use such feedback to forge ahead with a program
that eases the critics' concerns. "Now is the time for financial
managers to start telling us about the costs and benefits," David
Blaszkowsky, director of the SEC's office of interactive disclosure,
told CFO.com on Monday. "We need deeper participation from financial
XBRL: The Ugliest Acronym
January 28, 2008