Digital Financial Reporting

Watch out Microsoft.  The SEC has released yet another software application for making use of XBRL, expanding their product offerings to three applications.  See the SEC XBRL web page, or more specifically see here for the Financial Explorer.

Maybe one day Google, Yahoo, or Microsoft will figure out how useful interactive data can be.  Or even better, maybe some start up will surpass the current leaders, kind of like Google did a while back, becoming the leader in Internet search.  Who know.

But anyway.  I think it is great that the SEC is kicking the tires, seeing what is possible, leading the way and showing the possibilities of "interactive data".  This kind of leadership is not something that us tax payers commonly sees from government agencies.  Go SEC!