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SEC issues order permitting Inline XBRL

Tammy Whitehouse | June 14, 2016

The Securities and Exchange Commission is now allowing companies to comply with their XBRL filing requirement by integrating tagged data into HTML filings.

The SEC issued an order under the Securities Exchange Act to allow companies to file structured financial statement data required in quarterly and annual reports embedded into traditional HTML filings through March 2020. The integrated approach is called Inline XBRL. The SEC is hopeful that companies will take advantage of the voluntary allowance to improve the quality of data and perhaps even reduce the cost of compliance.

Inline XBRL wasn’t yet operational in the late 2000s when the SEC first began requiring companies to submit their financial statement data in XBRL. That has meant companies have...

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