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SEC proposes rule to make XBRL mandatory

By Dominic Jones on May 15, 2008

THE US Securities and Exchange Commission (SEC) is proposing a rule for all companies to file their annual and quarterly reports in eXtensible Business Reporting Language (XBRL) on a staged basis over the next three years. Under the proposal, the 500 largest companies — including foreign firms that use US GAAP — will begin filing [...]

Posted in Annual Reports, Articles, Disclosure | Tagged EDGAR, EDGAR Online, financial reporting, footnotes, ir magazine, Morningstar, news releases, SEC, SEC filings, securities and exchange commission, Standard & Poor's, technology, Thomson Reuters, XBRL

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