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As XBRL mandate looms, SEC seeks urgent help with software

By Dominic Jones on August 25, 2008

AS THE US Securities and Exchange Commission (SEC) considers new rules to require companies to begin filing their documents in eXtensible Business Reporting Language (XBRL), it has been having trouble finding software experts who can help make those filings usable to investors. The commission put out a pressing call in June for contractors to help [...]

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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 [...]

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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 [...]

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Ignorance, arrogance and Philips Electronics

By Dominic Jones on September 27, 2005

NETHERLANDS-based Philips Electronics has an unhealthy disrespect for its shareholders. Despite participating in an academic study showing that the majority of its investors prefer HTML annual reports, the company has posted its most recent report in a 219-page PDF blob. The company’s actions raise questions about its intentions and the transparency of its reporting. Doubt [...]

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Improving the usability of financial statements

By Dominic Jones on February 19, 2002

REVIEWING financial statements lies at the heart of investment research. It’s what investors do most often when keeping track of the companies they follow or own. So when it comes to choosing places to invest your IR website dollars, annual and quarterly financial statements are a high value target. Well designed, highly usable financial statements [...]

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