XBRL Blog Magazine

XBRL US, the nonprofit consortium for XML business reporting standards in the U.S. marketplace, today announced that three new directors will be joining its Board, starting in 2009.

President-elect Barack Obama on Thursday made two major picks to head key regulatory agencies, and called for significant changes to the financial-regulatory system in the wake of the credit and economic crisis.

PR Newswire today extended its support for the U.S. Security and Exchange Commission’s (SEC) ruling that will require domestic and foreign issuers to submit their primary financial statements and footnotes in eXtensible Business Reporting Language (XBRL).

XBRL International, Inc. (XII), a global business reporting consortium that develops and maintains the XBRL reporting standard and framework, announced today that it supports the US SEC mandate for public companies submitting their financial statements in XBRL and mutual fund reporting.

XBRL US, the nonprofit consortium for XML business reporting standards, along with its members, stands ready to provide the tools, services and support needed by public company preparers to comply with the final ruling by the Securities and Exchange Commission (SEC).

COLCOMGROUP, a New York-based strategic business advisory firm, announced today it is expanding global service offerings in its business and financial reporting practice area to help clients better meet the demands from investors, analysts and key stakeholders for greater transparency and improved disclosure.

EDGAR(R) Online, Inc. (NASDAQ: EDGR) and RR Donnelley (NYSE:RRD) announced their support for the SEC’s final rule made public today that will phase in requirements for SEC filing companies and mutual funds to submit financial statements in eXtensible Business Reporting Language (XBRL).

TORONTO, Dec. 17 /PRNewswire/ — The U.S. Securities and Exchange Commission (SEC) today mandated public companies to file their regulatory financial statements in XBRL (eXtensible Business Reporting Language) or interactive data format, as follows:
2009: The initial group, affecting approximately 500 domestic and
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The Securities and Exchange Commission (SEC) in an open meeting earlier today officially adopted a rule mandating interactive data (XBRL) filings of SEC reports for public companies, in a phased approach beginning in 2009.

It has just been announced, at the culmination of the SEC roundtable on December 17th 2008, that the proposal for XBRL filing has been accepted (carried by 4 votes to 1) as well as for mutual fund reporting.
We are awaiting a press release, but it seems some minor changes to the May 2008 proposal will [...]