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

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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.

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