XBRL, the technical standard developed to identify financial information and make it easier to analyse, compile and share data, is now mandatory in more than 70 countries. Prof. Monika Kovarova-Simecek, Academic Director Economic and Financial Communications at the St. Pölten University of Applied Sciences, reveals some thought-provoking facts about the potential of XBRL, a topic she will cover in detail in her session at the upcoming DRC in September.