It's Official: SEC to Propose XBRL-Based Financial Reporting > > Intelligent Enterprise: Better Insight for Business Decisions

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It's Official: SEC to Propose XBRL-Based Financial Reporting > > Intelligent Enterprise: Better Insight for Business Decisions: "It's unanimous and not unexpected. The Securities and Exchange Commission today announced that it has voted to propose a rule requiring all U.S. companies to report their financial results using eXtensible Business Reporting Language (XBRL). The XML-based reporting language, which has been used in the US since 2005 as part of a voluntary program, is expected to speed investment as well as regulatory analyses."