SEC Chairman demonstrates benefits of XBRL
25 Oct 2006
In a keynote speech at the 39th Annual Securities Regulation Seminar in Los Angeles, US SEC Chairman Christopher Cox demonstrated how to use three different software packages to download and analyse financial and other data reported to the SEC in XBRL format.
This isn't just a dream, it's soon to be reality. And to make sure the dream comes true, the SEC recently committed over $50 million to do what's necessary to give these very capabilities to every investor – from the professional analyst to the amateur stock picker – in the very near future. And by that I mean months, not years. |