SEC Posts XBRL Rule Proposal; Liability Reform, Other Matters in Addendum Posted Today by Treasury ACAP

Posted by accountingweb on May 30 2008 850 printer friendly

By Edith Orenstein, FEI Financial Reporting Blog - This afternoon, the SEC posted its proposed rule, “Interactive Data to Improve Financial Reporting.” The comment deadline is August 1.

Separately, earlier today, the U.S. Treasury Advisory Committee on the Auditing Profession (ACAP) posted an Addendum to its Draft Report which is out for public comment. The Addendum raises issues relating to liabilty reform and other matters. The comment deadline on ACAP's draft report is June 13.

Further details on the above topics can be found here.

View the discussion thread.

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FEI Financial Reporting Blog provides highlights from SEC, PCAOB, FASB, IASB, and other regulatory news, including reporting under Sarbanes-Oxley Sect 404. It is written by Edith Orenstein, Director of Technical Policy Analysis at FEI

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