SEC issues order permitting Inline XBRL
The SEC is now allowing companies to comply with their XBRL filing requirement by integrating tagged data into HTML filings, hopeful that companies will take advantage of the voluntary allowance to improve the quality of data and perhaps even reduce the cost of compliance. Tammy Whitehouse has more.
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Despite SEC approval, inline XBRL filings still provide challenges
Is the cure worse than the disease? That’s what some compliance officers are wondering as inline XBRL, a method to help facilitate the harmonization between XBRL and HTML formats for machine-readable financial data, might just be adding one more complication to an already complicated process. Tammy Whitehouse has more.
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