https://www.123articleonline.com/rss/author/263838/john-wattArticles written by john watt from 123ArticleOnline.comen-usCopyright (c) 123ArticleOnline.com All rights reserved. https://www.123articleonline.com/articles/1170634/10-years-of-sec-compliance-filing-a-retrospective-glance The skepticism surrounding XBRL While public companies continued to file in XBRL, there was no immediate or apparent benefit because data patterns were not visible yet. It would take nearly a decade to establish usable data-patterns. Additionally, the cost and time involved in generating said data in the XBRL format did not help. https://www.123articleonline.com/articles/1174394/what-are-the-benefits-of-structured-data-and-ixbrl These are just few of the benefits of structured data. While an AFS in iXBRL certainly helps the regulator, this can also help companies. An easily analysable AFS that is iXBRL tagged can reduce the analysis time and thus, expenditure of the company. Both, internal (MIS teams, data analysts, board of directors, etc.) as well as the external stakeholders (potential investors) can benefit from the transparent and easily accessible company financials.