SEC goes ahead with mandating XBRL

May 14, 2008 by Darrell Heaps |

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.

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RSS Trackback URL Darrell Heaps | (12:27 pm)

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  1. SEC unveils IDEA as the successor to form-based EDGAR database | Q4 Blog

    SEC unveils IDEA as the successor to form-based EDGAR database | Q4 Blog

    August 19, 2008 | 10:20 pm

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    […] is the latest in a string of significant announcements that have come out of the SEC including, XBRL mandate and the guidance on web disclosure and RegFD. There have already been a number of posts regarding […]

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