Seventeen companies join SEC pilot programme on XBRL

Seventeen companies join SEC pilot programme on XBRL

March 29, 2006

The US Securities and Exchange Commission said 17 companies have already agreed to participate in a new program to test the use of XBRL for financial reporting, compared with nine under an initiative launched last year. The companies will help explore how XBRL can improve the financial reporting process, provide feedback to the SEC and enable investors and analysts to assess new techniques for analyzing interactive data.