Flexibility could be SEC’s XBRL carrot
December 17th, 2007 Ilija Šuša Posted in News | 1 Comment“How quickly this train is moving forward” or is it better to mandate interactive data. If you are to much flexibile business will ignore it.
Read the full article in Financial Week.
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February 19th, 2008 at 2:41 pm
The opening of the XBRL framework or US GAAP taxonomy to public comment by the SEC is likely a significant step along the path towards an announcement on mandatory XBRL filings. And such a mandate will certainly bring increased flexibility in reporting. There are a few good articles out there examining the topic, and I recommend reading those;
Web CPA posted this article:
http://www.webcpa.com/article.cfm?articleid=26104
Sunir Kapoor, CEO of UBmatrix, who is quoted in this article is also a good source for infromation on the impacts of XBRL reporting on reporting flexibility.