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XBRL to aid Operational Risk

Extensible Business Reporting Language (XBRL) will help companies achieve greater transparency and handle operational risk, according to PricewaterhouseCoopers' annual technology forecast. XBRL is an electronic format for simplifying the flow of financial statements, performance reports, accounting records and other financial information between software programs. Previously, there were no standards that would allow financial information to be automatically communicated between different applications.

http://www.globalcontinuity.com/article/articleview/166/1/30/