The results of CFA Institute's 2009 update of its XBRL survey are in! Most importantly, global awareness has inched up from 41% to 45%, and similarly has usage. Here
is the summary comparison of the 2009 numbers with the earlier version. On top of the summary, the detailed report
allows for a number of interesting observations (margin of error is 2.5% at a 95% confidence interval):
- Awareness has crossed the 50% threshold (52%) for the first time in the Americas. Interestingly, it is highest among the most experienced Charterholders and lowest among new and non-Charterholders.
- Highest impact of the usage of XBRL continues to be expected from uploading company data and from comparing companies.
- There was a marked shift in the types of assurance expected from an integrated to a separate audit for XBRL instances. Unfortunately, we don't have a regional split of that information. It would be interesting to see whether the shift originated mostly in the US, where sensitivities about XBRL specific audit issues are rising.
- Against my expectations, direct information extraction from source documents is rising at the expense of third party sources. This is consistent with the increased usage of XBRL documents. Too bad we don't have a more detailed analysis of this item.
Those of you who read German may be interested in an article
I've written for nspublish INSIDE.
Labels: cfa, xbrl