Compliance Week just completed a survey that suggests many firms are ill-prepared for an XBRL mandate. “Of the 236 publicly held companies surveyed, nearly 80 percent say nobody on their staff is well-versed in XBRL. More than half (59 percent) of respondents say they either have just begun reading up on the technology, or have done no research at all.”

The press release has additional details, and we hope editor-in-chief Matt Kelly will provide additional insight in his next article for us. (Matt’s posts on April 21 and May 28 on the SEC’s XBRL actions have been terrific.)  

UPDATE: Matt expands on the survey’s results in this July 15 post.  

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