Domestic companies in India may soon have to file financial statements in a computerised format to enable easy flow of information between regulators and facilitate comprehensive financial data analysis.

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.

The U.S. Securities and Exchange Commission mandate of XBRL is great news! It’s a triumph for SEC Chairman Christopher Cox, who played a pivotal role in ensuring the modernization of IT infrastructure of the EDGAR filing system based on XBRL — an initiative that may be a his most lasting legacy and a final feather in his cap.

The SEC posted a Sunshine Act notice late yesterday (props to XBRL-US for circulating link to the Sunshine Act Notice) that they will hold an open commission meeting on Dec. 17 to “consider whether to adopt amendments to provide for companies’ financial statement information to be filed with the Commission in interactive data format, according [...]

A White House memo directing agencies to finalize their rules before the fall election could have an impact on plans for the use of Extensible Business Reporting Language and International Financial Reporting Standards in filings with the Securities and Exchange Commission.

A few days after the US regulator announced new regulation mandating the filing of reports to the Securities and Exchange Commission in XBRL we will make an short overview of articles posted all over the web about this topic.