The SEC's New "Robocop"

In a resounding answer to the critics who state that the SEC is not making use of the XBRL data it is collecting, that agency has recently announced a new "Robocop", which is an electronic too designed to trigger alarms when the data being filed indicates suspicious accounting.

The new tool will be made possible by using the XBRL data being filed with them. For a report on  this important event, check this link. The article being referred to does state that a similar approach is being taken in Canada, but that part is not true, since the Canadian regulators do not require XBRL filings.