Monday, September 25, 2006
SEC to Rebuild Public Disclosure System
Wow! The US SEC is rebuilding its public disclosure system entirely based on XBRL, thus "paving the way for universal XBRL filings by companies". This in effect is just short of announcing that once the three announced contracts have been completed, the SEC will introduce mandatory disclosure based via XBRL. More about this on CFO.com.
Labels: accounting, xbrl
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