If the Securities and Exchange Commission seeks a poster child for the positive effect XBRL technology can have on a company’s financial reporting system, John Stantial stands ready to volunteer United Technologies Corp.
Stantial, UTC’s director of financial reporting, has completed 10 regulatory filings using XBRL since first implementing the system under the SEC’s voluntary pilot program in 2005. The program encouraged companies to file reports “tagged” in eXtensible Business Reporting Language, in exchange for expedited review of their reports (see related documents and coverage in the box at right).
