Awareness of the eXtensible Business Reporting Language (XBRL) has seen a slight decrease in 2016, with 45% of respondents being aware of it, largely in line with the results from the 2011 survey.
Forty‐eight percent of respondents obtain most of the data/information used in their evaluation/analysis of companies from third‐party data providers, with a limited amount of data extracted manually. Only 10% of respondents obtain all data/information from third‐party providers. Compared with previous years’ results, information obtained from third-party data providers has increased slightly.
Of those aware of XBRL, the highest proportions agree that XBRL‐tagged interactive data will have the most significant improvement on their ability to increase the timeliness of the valuation process and upload company data into their financial analysis models.