Thursday, March 30, 2006

Big Name Companies Try XBRL

The SEC is saying that its second effort to encourage corporations to use XBRL in their filings has met with some increased success compared to their first call for XBRL. Seventeen corporations, including Dow, 3M, Xerox, Bristol-Myers Squibb, XM Radio and Donnelly and Son Publishers, will provide reports in XBRL for a year in return for expedited reviews. The expedited review incentive is new in this call, which may be the reason that the response almost doubled the nine responses from the first call.


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