Description: XBRL, iXBRL, XBRL Taxonomy and Bangladesh, iXBRL and Bangladesh, XBRL and Bangladesh
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Companies can use XBRL to save costs and streamline their processes for collecting and reporting financial information. Consumers of financial data, including investors, analysts, financial institutions, and regulators, can receive, find, compare and analyze data much more rapidly and efficiently if it is in XBRL format.
About XBRL Bangladesh XBRL Bangladesh is an effort which started its initial journey in August 2016 to drive the adoption of the XBRL standard in Bangladesh thru the session held with the XBRL USA President at The American Institute of Certified Public Accountants (AICPA) building in NewYork, USA. This special session on XBRL to among the parties including delegates from Bangladesh Securities and Exchange Commission (BSEC) was coordinated by Mr. Maruf Ahmed, an ardent advocate for XBRL adoption by relevant
XBRL is being developed by an international non-profit consortium of over 600 major companies, organizations, and government agencies. It is an open standard, free of license fees. It is already being put to practical use in a number of countries and implementations of XBRL are growing rapidly around the world. The idea behind XBRL, eXtensible Business Reporting Language, is simple. Instead of treating financial information as a block of text – as in a standard internet page or a printed document – it provi