BLOG: Digital Financial Reporting
This is a blog for information relating to digital financial reporting. This blog is basically my "lab notebook" for experimenting and learning about XBRL-based digital financial reporting. This is my brain storming platform. This is where I think out loud (i.e. publicly) about digital financial reporting. This information is for innovators and early adopters who are ushering in a new era of accounting, reporting, auditing, and analysis in a digital environment.
Much of the information contained in this blog is synthasized, summarized, condensed, better organized and articulated in my book XBRL for Dummies and in the chapters of Intelligent XBRL-based Digital Financial Reporting. If you have any questions, feel free to contact me.
Entries from May 11, 2008 - May 17, 2008
SEC Proposes Rule to Mandate XBRL's Use
Today, the SEC held a public meeting in which the staff of the SEC proposed a rule and the commission approved a proposed rule which would mandate the use of XBRL for filings with the SEC. The mandate would be phased in.
The following link to an FEI blog post which explains the rule.
And this is a link to an archive of the actual public meeting the SEC held in which it approved the proposed rule.
The proposed rule will be published in 7 to 10 days from what I hear. There will then be a 60 day public comment period.
Charlie
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