The Securities and Exchange Commission has released the details of its proposal to mandate XBRL technology for financial filings and begun a full-court press to get a rule passed as quickly as it can.
The 143-page release was published May 30 and is now open for public comment until Aug. 1. The SEC included dozens of questions in the proposal and will host a half-day roundtable discussion on XBRL today, June 10, to hear the latest thinking on the subject from the financial reporting community. (Compliance Week will provide extensive coverage of that roundtable in our June 17 edition.)
