Comments Inline Please
On 28 February the SEC proposed a rule to mandate the use of Inline XBRL for public company reporting. The intention is to improve the quality of the data, benefit investors, market participants and other data users, and also to decrease over time the costs involved in preparing the data for submission to the regulator and dissemination to the market. The SEC asks a series of questions and is seeking feedback from relevant stakeholders.
At XBRL International we are of the view that the use of iXBRL has significant advantages. We are also conscious of areas that might need to be reviewed as a result of the proposals. We very much encourage US companies, software vendors, filing agents, the accounting profession and other relevant professionals, including other regulators, to provide their views.
What do you think? The SEC wants to know. There are several ways to make your views known including by way of an online comment form. Reference File Number S7-03-17 in your letter.