As corporate reporting standards have been under intense scrutiny, a new method, the Extensible Business Reporting Language (XBRL), may be a remedy for the ills that have been plaguing Wall Street and corporate America as a whole.

These sentiments were expressed by a panel of financial leaders Thursday, including PricewaterhouseCoopers, Microsoft, Nasdaq, Morgan Stanley, Gartner and Thomson Financial, parent company of the publisher of this Web site.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.