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XBRL's Potential Fallout: Page 2 of 2

After sitting through a sizeable chunk of the WorldCom trial live, I am all in favor of anything that improves financial reporting and helps the Feds nab the bad guys. (See Ebbers Trial: The Jury Is Out, Ebbers Sentenced: See You in 2030, and WorldCom's Sullivan Gets Five Years.)

That said, efforts such as XBRL should be pushed forward very carefully at a pace that will not cause coronaries in boardrooms and data centers. After all, if more and more firms shift their data centers overseas, there may be no one left to regulate.

James Rogers, Senior Editor Byte and Switch