http://hitachidatainteractive.com/2008/04/16/what-rules-will-the-sec-propose-for-xbrl-statements/ XBRL News and Commentary from the Hitachi XBRL Business Unit Tue, 06 Jan 2009 22:53:03 +0000 http://wordpress.org/?v=2.6.3 http://hitachidatainteractive.com/2008/04/16/what-rules-will-the-sec-propose-for-xbrl-statements/#comment-12205 SEC to mandate XBRL. Yes, panic. | IR Web Report Thu, 17 Apr 2008 05:18:23 +0000 http://hitachidatainteractive.com/2008/04/16/what-rules-will-the-sec-propose-for-xbrl-statements/#comment-12205 [...] But Gary Purnhagen, writing on the Hitachi XBRL blog yesterday sees the SEC being more aggressive in the roll-out: I believe we’ll see the SEC propose that the 1,200 largest domestic companies in terms of market capitalization be required to furnish XBRL exhibits beginning in 2009. A company will not have to make its first submission of XBRL exhibits with its 10-K; rather, it will be able to wait until its first 10-Q. These filings will not be official, hence the word “furnished”  — just as the current companies participating in the VFP are “furnishing” their financials tagged with XBRL in exhibits. [...] [...] But Gary Purnhagen, writing on the Hitachi XBRL blog yesterday sees the SEC being more aggressive in the roll-out: I believe we’ll see the SEC propose that the 1,200 largest domestic companies in terms of market capitalization be required to furnish XBRL exhibits beginning in 2009. A company will not have to make its first submission of XBRL exhibits with its 10-K; rather, it will be able to wait until its first 10-Q. These filings will not be official, hence the word “furnished”  — just as the current companies participating in the VFP are “furnishing” their financials tagged with XBRL in exhibits. [...]

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