To the best of my knowledge, XBRL has no tag for “disinterest.” That’s unfortunate, since it seems to be the adjective that best fits the U.S. Securities and Exchange Commission these days.
Yes, large U.S. companies must begin filing financial statements tagged in XBRL technology starting June 15. Yes, that’s because the SEC approved an XBRL mandate months ago after years of telegraphing its intention to do so. And yes, the plain truth is that most large filers will muddle through their first XBRL submissions without collapsing into chaos or bankruptcy.
