XBRL Happenings...

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By Edith Orenstein, FEI Financial Reporting Blog -
No, the SEC hasn’t announced when it will meet to vote on a final rule on XBRL (following on its proposed rule issued for public comment earlier this year), but there are other happenings afoot on the XBRL front.

Last week, XBRL-U.S. announced the release of the latest version of the data tags (officially called, the ‘taxonomy’) for tagging information in interactive data form, relating to financial statements filed in accordance with U.S. Generally Accepted Accounting Principles or U.S. GAAP. Specifically, the latest version of the data tags, called U.S. GAAP Taxonomy, Release 2009, has been released by XBRL-US for a public review period, ending January 15, 2009.

Read more about what people are saying about the expected date of final rulemaking on XBRL, and read about the SEC's action taken yesterday on credit rating agency rulemaking, here.


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