The SEC issued a mandate in 2009 that requires all public companies and foreign private issuers to file their financial reports using eXtensible Business Reporting Language (XBRL). XBRL is a global initiative undertaken in order to transform financial reporting by developing an efficient way of communicating financial information in a form that allows faster and easier analysis. Specifically, the goal of XBRL is to provide greater comparability through requiring that companies map a common taxonomy to the information within their financial statements. The benefits of XBRL are said to accrue to all participants in the financial information supply chain. This paper examines the impact of XBRL on two specific groups within this supply chain: (1) accounting professionals and (2) security analysis professionals. This is done by examining the trends in awareness and usage of XBRL by the two groups, and by examining the degree to which information regarding XBRL has been incorporated into the education curriculum required for professional certification in these fields. We then end the paper with a discussion of different challenges that exist regarding XBRL implementation.