Digital Financial Reporting

Compliance Week reports that the SEC is calling for patience from filers, saying that the benefits will be there at an AICPA conference.

The Compliance Week article also reports:

Susan Yount, a staff member in the SEC's Office of Interactive Data, said during the conference that Congress is showing a growing interest in structured data as a way to improve reporting for various government programs and initiatives. “This is an area that is not going to go away,” she said. “The notion of transparency and providing information in a format that can be put into a data warehouse and pulled out is a notion that in the 21st century is here to stay. If Congress, of all places, is interested in it, you can look for that sort of thing in the future.”