Tuesday, February 19, 2008

Interactive and Almost Real Time: SEC Introduces "Financial Explorer" and XBRL

The Securities and Exchange Commission announces Financial Explorer, which through Extensible Business Reporting Language allows interactive evaluation of corporate financial performance. Similar tools available at the SEC website allow users to evaluate compensation for top executives and access to interactive financial reports. Additionally, the SEC is attempting to require investment advisers to provide clients business practice and investment history brouchres written in "plain English."

Congratulations to the SEC as their XBRL project comes to fruition. It should be interesting to see what impact XBRL and interactive information might have on the stock market.


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