XBRL Launches in South America
Said Graham Terry, vice president of The South African Institute of Chartered Accountants (Saica) and acting chairman of the SA XBRL steering committee: "Large international organisations like 3M, General Motors and Microsoft use XBRL to file to the SEC. In the Netherlands, their government believes that about EUR350million for the private sector will be saved in administration burden through the speed and efficiency of using XBRL for financial reporting. The reality is that using this standard will, very soon, not be an option. I urge corporate and financial business decision makers to positively consider becoming members of XBRL SA." http://www.mybroadband.co.za/nephp/?m=show&id=3710
