Corporate Governance
May 16, 2008
SEC Votes for Mandatory XBRL Filing
“Once CPAs can electronically receive, validate and send standardized information, they can more quickly analyze and confidently redistribute it to managers, stakeholders and others for use in better informed decision-making”
The Securities and Exchange Commission voted at an open meeting to propose that companies begin filing financial statements in an interactive tagged format as early as next year. via On Wall Street
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