Heffes, Ellen M.
July 2008
Financial Executive;Jul/Aug2008, Vol. 24 Issue 6, p14
Academic Journal
The article discusses a proposal by the U.S. Securities and Exchange Commission (SEC) regarding eXtensible Business Reporting Language (XBRL). If enacted, the proposal would set deadlines for mandatory use of XBRL for corporate SEC filings. A committee representing Financial Executives International (FEI) commented favorably on XBRL use, but did note several concerns that are detailed. The SEC mandate would be phased in over time, and apply to foreign and domestic firms using either U.S. generally accepted accounting principles or international financial reporting standards.


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