Monday, January 05, 2009

On December 31st the SEC released its final rule on Modernization of Oil and Gas Reporting. Section VIII on page 94/95 covers the Application of Interactive Data Format to Oil and Gas Disclosures. The comments are very positive with respect to the use of XBRL. "We agree that much of the disclosures regarding oil and gas companies would be conducive to interactive data. We intend to continue to work on developing a taxonomy for such disclosure."

Rule 33-8995 Dec. 31, 2008
Modernization of Oil and Gas Reporting Other Release Nos.: 34-59192; FR-78 File No.: S7-15-08 Effective Date: January 1, 2010 Comment Due Date: within 30 days of publication in the Federal Register Submit comments on S7-15-08 See also: Proposed Rule Release No. 33-8935


Post a Comment

<< Home