What’s the big IDEA?

Last week the SEC announced plans to replace its EDGAR system for electronically filing financial disclosures with a new one. The replacement, called “IDEA” will use interactive data to power a range of electronic applications, some to be provided by the...

More and more XBRL initiatives.

It’s all XBRL, all of the time. Another announcement from the SEC this week, as well as encouragement for European interactive data, this time from the European Parliament. As expected, the SEC is proposing that all mutual funds in the US provide a range of...

The SEC Announces. Straight up, with a twist

The SEC’s proposed ruling came out on Wednesday, pretty much in line with what we expected. The bottom line is that all companies will be required to file,including all foreign filers that prepare using IFRS. There is a healthy three-year transition period, with...

Review the Future

It’s been a while – the XBRL world is hectic at present, to say the least. This post first appeared a week ago on the Hitachi Blog, run by Bob Schneider and Wilson So (a must read if you are not already subscribed). I’m concerned about the assurance...

XBRL Formula: Start Your Engines

It’s a hard road, taking standards forward, but also a rewarding and ultimately positive one. This is a call for your help. The XBRL Formula Working Group has been working hard on a tightly related set of specifications that allow for the definition and creation...