Only six months ago, in a previous post Forward Planning, I reported that a Grant Thornton survey had found that 52% of public companies had no plans to file in XBRL despite the S.E.C.’s mandate. Now, just six months later, Grant Thornton are reporting on this topic again. This time around, 49% of public companies have no such plans. That’s a decrease of 3% in six months or around 6% per year. So by my reckoning this measure indicates that all public companies may be filing in XBRL by 2082 – somewhat later than the 2011 mandated date.

If any of these 49 percenter companies are reading this – and they probably aren’t – then they should know that Rivet offer an excellent ‘Planning to File in XBRL‘ service. My obviously impartial advice: Get it now – before the stampede in 2011.

Accountants are always looking for ways to automate, streamline, gain efficiency, and do more with less. Adding XBRL to the game doesn’t change this tendency-the trend so far has been to outsource the XBRL function. Compliance, though, can’t be outsourced. Read the rest of this entry »