SEC goes ahead with mandating XBRL
May 14th, 2008
During this morning’s Open Meeting the SEC said that it plans to require companies to file their financial results using XBRL. Under the proposed schedule, 500 of the largest public companies would begin filing their financial data in XBRL in early 2009.
Most of the remaining companies will have to comply within the following two years.
This implementation is based on the Advisory Committee on Financial Reporting recommendation made back in January.
Related posts:
- XBRL mandate is coming
- XBRL continues to expand
- XBRL is NOT programming
- XBRL extension to bring structured data to Disclosure
- SEC mandates XBRL filing for Q2 2009 and ushers in the Age of Transparency
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