SEC To Take Up XBRL Rulemaking Wed. May 14

May 14th 2008
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By Edith Orenstein, FEI Financial Reporting Blog - The SEC is slated to consider at an open commission meeting on Wed. May 14 potential rulemaking relating to requirements for public companies to tag certain information filed with the SEC using data tags in eXtensible Business Reporting Language, or XBRL.

According to the agenda, "The Commission will consider whether to propose amendments to provide for corporate financial statement information to be filed with the Commission in interactive data format, and a near- and long-term schedule therefor."

Read more about the completion of the U.S. GAAP taxonomies (XBRL data tags), see links to FEI comment letters on XBRL and other matters, and see SEC Chairman Cox' views on the biggest challenge with XBRL now, here.


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