iXBRL proposals receive high profile backing

Posted on May 5, 2017 by Editor

The SEC is seeking input on its proposals to switch from XBRL to iXBRL for financial statement filings for companies and mutual funds. The practical impact of this change would include a shift from “dual” filing, in which an HTML financial disclosure is filed as well as a separate XBRL document. Instead a single Inline XBRL document which is both human and machine readable is proposed, simplifying the process and helping avoid ambiguity and errors. This week the proposals met with approval from some influential US lawmakers, including Congressman Darrell Issa. Read the comment letter here.

Other Posts


Would you like
to learn more?

Join our Newsletter mailing list to
stay plugged in to the latest
information about XBRL around the world.

By clicking submit you agree to the XBRL International privacy policy which can be found at xbrl.org/privacy