THE INTERNATIONAL LANGUAGE OF INFORMATION XBRL, IN THE TULUÁ SMES. CARLOS EVELIO LÓPEZ CEBALLOS. COLOMBIA-VALLE DEL CAUCA. UNIDAD CENTRAL DEL VALLE DEL CAUCA. Cra. 27 # 48-144 Km 1, sur. celopez@ucev.edu.co Abstract: The following is a report on the results obtained from a research carried out in the city of Tuluá, Valle del Cauca, Colombia; with regard to the applicability of the eXtensible Business Reporting Language (XBRL) international standard in Small- and Medium-sized Enterprises SMEs, which is in accordance with the international financial information standards and information assurance, which countries must adopt for the presentation of financial and non-financial information, by companies, nationally and globally, in order to improve their competitiveness, as well as their economic growth. Keywords: taxonomy, jurisdiction, economic sectors, metadata. 1. Introduction. The adoption and implementation of the International Financial Reporting Standards (IFRS), by all the member countries attached to the International Accounting Standards Boards (IASB) is the means by which organizations worldwide have the same language regarding the company’s financial information as well as other relevant information for the company itself and the stakeholders, so that they could use it to make different types of financial and commercial decisions regarding the enterprise that generates the information. 2. Problem Formulation Given the above, the implementation of international financial reporting standards (IFRS) in companies is already a fact, given that Law 1314 and its regulatory decrees 2784 for large companies, 3022 for SMEs and 2706 for microenterprises, so regulate, now well are the public accountants and companies of Tuluá prepared in the XBRL language, to respond to a globalized world ?. 2.1. Methodology. The research work was of the interpretive and comprehensive type. Interpretive because the elements, characteristics and functionalities of the XBRL international standard were identified and analyzed in a bibliographic review on the different concepts that the XBRL standard involves. Comprehensive, because the new requirements for the adoption of XBRL by companies were determined through the analysis, with the sole purpose of communicating the obtained information to the different interested parts, for instance, the opportunities for improvement presented by organizations with respect to the application of Law 1314 of 2009 and its regulatory decrees regarding the implementation of International Financial Interpretation Standards IFRS and other international standards, as the XBRL for the case of this investigation.. Simultaneously to the documentary analysis, a survey was designed with the purpose of identifying the degree of knowledge that organizations and their Carlos Evelio López Ceballos International Journal of Economics and Management Systems http://www.iaras.org/iaras/journals/ijems ISSN: 2367-8925 174 Volume 3, 2018