US SEC announces plans for XBRL analysis software

US SEC announces plans for XBRL analysis software

August 14, 2006

The US Securities and Exchange Commission (SEC) has announced plans for its own XBRL analysis tools which will run on the Web and enable investors and analysts to benefit from XBRL data. The agency has issued a formal request for proposals from the software industry for setting up a prototype system that will provide a user-friendly access to financial reports in XBRL submitted to its EDGAR database.