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Deloitte comments on SEC's proposal on inline filing of tagged data

Published on: May 05, 2017

Deloitte & Touche LLP comments on SEC Release 33-10323, Inline XBRL Filing of Tagged Data, which was issued in March 2017.

An excerpt from the comment letter is shown below:

Overall, we support the objectives of the proposed rule and believe that the use of interactive data has the potential to improve access to and analysis of companies’ financial data. We believe that digitizing financial information and making it consumable to all financial statement users is in the public interest. The SEC has shown leadership in adopting new technologies to aid investor analysis and in allowing additional uses of these technologies as they develop. We believe that the transition to inline eXtensible Business Reporting Language (iXBRL) will enable broader tagging of disclosure documents and provide enhanced capabilities to users. We further believe that the use of iXBRL will continue to improve the availability and transparency of information to financial statement users, and thereby, has the potential to increase the usefulness of filings.

Full text of the comment letter is available below.

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