Archive | 2008

So Long EDGAR? A New IDEA May Be Taking Hold

10 Sep
By: Daniel W. Rumsey

In Case You Haven’t Heard…

… and unless you’re an SEC wonk, chances are you haven’t, the SEC is moving closer to requiring public companies to file their financial statements in XBRL, or extensible business reporting language.  XBRL uses digital tags (think barcodes) attached to each piece of financial data, allowing investors to easily find and compare key financial figures.  The XBRL documents are proposed to be filed as an exhibit to public company reports filed via EDGAR, the SEC’s Electronic Data Gathering, Analysis and Retrieval system that’s been around since 1984.  However, that’s not what’s this article is about.  Continue reading