Press Release: SEC Establishes Advisory Committee to Make U.S. Financial Reporting System More User-Friendly for Investors; 2007-123; June 27, 2007

The SEC has announced formation of a committee to study ways to improve and simplify the reporting process. XBRL is mentioned as one of the avenues to explore and is expected to figure into the recommendations.Press Release: SEC Establishes Advisory Committee to Make U.S. Financial Reporting System More User-Friendly for Investors; 2007-123; June 27, 2007