SEC mandates XBRL filing for Q2 2009 and ushers in the Age of Transparency
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:
- Canadian securities regulators launch XBRL voluntary filing program
- CSA Launches XBRL Voluntary Filing Program
- XBRL continues to expand
- XBRL extension to bring structured data to Disclosure
- Interactive Disclosure (XBRL) Continues to Grow
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