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As XBRL mandate looms, SEC seeks urgent help with software
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 it [...]
XBRL group assesses SEC rule impact
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 the [...]
SEC proposes rule to make XBRL mandatory
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 XBRL [...]
Improving the usability of financial statements
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 improve the [...]
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