TITLE

Will XBRL Filings Produce Reliable Data?

AUTHOR(S)
Steinert-Threlkeld, Tom
PUB. DATE
March 2009
SOURCE
Securities Industry News;3/2/2009, Vol. 21 Issue 5, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that some of the largest companies in the U.S. were asked to file their quarterly and annual reports in the extensible business reporting language (XBRL). The purpose of XBRL is to supply investors with financial data more quickly and accurately. The decision of the Securities and Exchange Commission to approve rules that will phase in mandatory filing by all public companies in the Web is mentioned. Also discussed are ways to ensure companies will submit reliable data.
ACCESSION #
36891083

 

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