WebCPA | Accounting & Auditing Briefs

Chaiman Cox of the SEC says XBRL will be mandatory in a matter of months. WebCPA Accounting & Auditing Briefs

Hitachi XBRL

The Hitachi Blog has picked up on the recent XBRL Canada conference in Ottawa. Bob Schneider has written an excellent summary pointing to some of the highlights in the excellent presentations made there by world leaders in XBRL. Hitachi XBRL

SEC's Cox - XBRL conversion doesn't need an audit | News | Regulatory News | Reuters

The Chair of the SEC has announced tht the Commission will not be requiring audits on XBRL data filed with it. This is a relief to companies who otherwise would have had to pay for the extra audit work. However, in the long term, it's a safe bet that the market will decide if an audit is needed. SEC's Cox - XBRL conversion doesn't need an audit News Regulatory News Reuters

XBRL gaining momentum: Financial News - Yahoo! Finance

XBRL Canada recently had its annual conference in Ottawa, where there was strong attendance and a widespread interest in the growth of XBRL adoption around the world. XBRL gaining momentum: Financial News - Yahoo! Finance

The Securities & Exchange Commission (SEC) has released a proposal (http://sec.gov/rules/proposed/2007/33-8781.pdf) to extend its Voluntary Filing Program to include the N-1A risk/return summary information. The comment period closes March 14, 2007. Interested parties are encouraged to submit comments to the SEC; instructions can be found within the proposal.