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SEC Proposes New Rules That Would Mandate Use of Interactive Data to Improve Financial Reporting |
July 7, 2008
Previously published on June 20, 2008
The proposed rules would require financial statement information to be filed in an interactive data format known as XBRL (short for extensible business reporting language), with the financial data "tagged" so that it is machine readable in a manner similar to bar codes.
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The views expressed in this article are solely the views of the author and not Martindale-Hubbell. This article is intended for informational purposes only and is not legal advice or a substitute for consultation with a licensed legal professional in a particular case or circumstance. |
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