The XBRL effect: what can the world of finance tell us about the rise of digital standards in regulated industries?

Content Rules 01 Aug 2024
In Propylon’s early days, our work with standards developers primarily involved financial standards bodies such as FASB, AICPA, ICAEW, and IFRS. Unlike traditional standards development organizations (SDOs) in regulated sectors such as life sciences, aviation, oil and gas, etc., these entities did not use the term ‘SDO’. Our partnership with these standards bodies coincided with the dawn of the electronic publishing revolution, progressing from CD-ROMs to DVDs, the World Wide Web, and XML feeds, all through the late nineties and early 2000s.Our work with financial standards bodies resulted in our involvement with the content of many of the key regulators such as the SEC in the USA.