This 2009 member survey was issued to determine the current perception of XBRL, given the expanding global movements towards its regulatory adoption since the initial member survey on XBRL.
The purpose of this poll was to obtain CFA Institute member feedback on issues relating to eXtensible Business Reporting Language (XBRL) tagged data—ensuring a broad view of the “end user” of financial reports and other disclosures, gaining input on key areas involving the development and implementation of XBRL tagged data for financial reporting to the capital markets, and knowing what is important to members in accessing and analyzing companies’ financial data.
23,854 CFA Institute members were invited to participate in the web-based survey via e-mail, which was delivered on 27 October 2009. The survey closed on 6 November. The survey questionnaire consisted of nine questions, all of which were asked in the exact same manner as on the June 2007 XBRL member survey. 1,462 valid responses were received, for an overall response rate of 6.1 percent. The margin of error is ±2.5 percent at the 95 percent confidence level. Margin of error varies by question as the number responding to each question varies. No opinion responses have been excluded from the findings presented below.