One of the central missions of CFA Institute is the improvement of corporate financial reporting and disclosure standards. The increased globalization of the capital markets emphasizes the need for consistent and high-quality information. In our effort to improve corporate financial reporting, we participate on regulatory committees and industry task forces on such issues as eXtensible Business Reporting Language (XBRL), provide investor education, and present research reports, surveys, and guidelines. Our work on financial reporting is based on the Comprehensive Business Reporting Model, which provides a framework for developing financial reports and disclosures.