Structured data has evolved tremendously over the last decade. This is prominent in the way that Financial Statements are being standardized across the globe. As countries and agencies transition to the XBRL reporting standard at a steady pace, a new history is being set in tags. One of the major propagators for this movement is the U.S, with the SEC at its helm to ensure a progressive and carefully documented approach. Anything of such a comprehensive nature that’s executed on a national scale has its ups and downs. The last decade is a testimony to this and we can only understand, in retrospect, if an action was successful. Let’s explore how the SEC implemented and executed this global standard for business reporting across the United States.