Deloitte letter to SEC on interactive data proposal
12 Aug 2008
On 14 May 2008, the US Securities and Exchange Commission proposed that all registrants be required to file their data with the SEC in XBRL (interactive data) format.
XBRL reporting would be required for registrants using either US GAAP or IFRSs. The transition would take three years starting in 2008. There's more information in our News Story of 16 May 2008. A few days later, the Commission proposed that more than 8,000 mutual funds trading in the US would also be required to file XBRL date (see our News Story of 26 May 2008). Deloitte & Touche LLP (United States) has submitted a comment letter on the SEC's first proposal. Overall, we support the Commission's interactive data initiative. Our letter makes a number of suggestions that, we believe, will ensure successful implementation of the proposed rule.
- Click for Deloitte Comment Letter on SEC Proposal (PDF 155k)
- Click for 14 May 2008 Proposal (Release No. 33-8924) (PDF 704k)
- Click for SEC Press Release on May 2008 Proposal (PDF 49k)
Among the points made in our letter:
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