SEC Mandates XBRL; Filings to Start by July 2009

 
Compliance Week
February 2009

Howard E. Berkenblit was quoted in the article "SEC Mandates XBRL; Filings to Start by July 2009" that appeared in the February 2009 issue of Compliance Week. The article discussed how the Securities and Exchange Commission is requiring all companies and mutual funds to use XBRL technology when filing financial reports. However, the 500 largest U.S. public companies scheduled to go first under the new rule will not need to start until July 2009, six months later than the SEC originally proposed.