From Counting Wealth to Creating Wealth – XBRL Conference Day 2 Covers Evolution of Business Reporting Standards
SANTA CLARA, Calif. – Day 2 of the XBRL Pacific Rim Technology Workshop and Summit included calls for business and government to use open business standards to disclose information about spending, pollution, and important business changes.
Representatives from DTCC and SWIFT, the consortia responsible for technology to support securities and cash transactions around the world, spent most of Wednesday morning presenting detailed explanations of the benefits of using technology standards to improve the reporting of “corporate actions.”
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