SEC General Counsel Says XBRL Proposal Will Be Considered 'In the Near Future'

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SEC General Counsel Brian Cartwright, in a speech before a committee of the American Bar Association (ABA) on April 12, said, “I predict a release proposing that reporting companies be required to use XBRL in their filings will be considered by the Commission in the near future.” He also noted the move to XBRL is part of broader convergence efforts. Read more here.


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