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SEC posts text of proposed XBRL rule

By Dominic Jones on May 30, 2008

JUST in time for the weekend, the US Securities and Exchange Commission (SEC) today posted the full text of the proposed rules for mandatory XBRL filings for domestic and foreign public companies. The proposed rules (embedded below) apply to domestic and foreign public companies that prepare their financial statements according to U.S. GAAP, and foreign [...]

Posted in Annual Reports, Articles | Tagged annual report, financial information, financial statements, gaap, interactive data, law, Quarterly Reporting, rule proposal, SEC, securities, securities act, securities and exchange commission, us sec, usgaap, XBRL

XBRL group assesses SEC rule impact

By Dominic Jones on May 17, 2008

THE US Securities and Exchange Commission’s plan to make eXtensible Business Reporting Language (XBRL) mandatory starting next year will have few immediate benefits for companies and investors, the body charged with promoting the technology has said. XBRL US says in a sobering white paper published on Friday that while companies won’t have much difficulty meeting [...]

Posted in Articles | Tagged EDGAR, financial reporting, financial statements, footnotes, mandate, rule proposal, SEC, securities and exchange commission, us sec, usgaap, XBRL

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