Why are we talking about XBRL in the Auditing world? The answer is very simple. XBRL was first conceived by an Auditor (Charlie Hoffman CPA) and pushed in the first years by AICPA (American Institute of Certified Public Accountants). This is the reason why, since the beginning, the most important auditing firms (the big four) has been involved in the development.

From the functional perspective, XBRL would allow auditing firms to collect information about their clients using the same technology by using a common standard (XBRL). All corporate organizations would have the possibility to "Export" data to XBRL. This goal is also shared with Tax Agencies that requires to have access to the same information when supervising companies.

From the practical point of view, XBRL allows auditing firms to create strong relationships and get better knowledge about what really happens inside a company. The use of XBRL facilitates the function of creating the auditing report.

In the future, XBRL could be used as the standard for implementing Continuous Auditing

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