SEC mandates XBRL filing for Q2 2009 and ushers in the Age of Transparency
December 17th, 2008
During the SEC’s meeting today the panel voted 4 to 1 in favor for mandating XBRL for the 500 largest US issuers. Other companies will have until 2010 (likely) to begin filing using XBRL. This article from Dow Jones provides some additional details.
Chairman Cox Video: The SEC has approved interactive data financial reporting to give investors faster, better, and less expensive information disclosure.
Related posts:
- CSA Launches XBRL Voluntary Filing Program
- Canadian securities regulators launch XBRL voluntary filing program
- Transparency and next-generation reporting
- XBRL mandate is coming
- XBRL extension to bring structured data to Disclosure
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