Four years after large companies were required to start tagging their financial filings in XBRL, the training wheels are coming off, with the Securities and Exchange Commission's offer of limited liability for errors in XBRL-tagged filings ending this year.
The tagged data is still not that popular with its target audience of analysts and investors, though, and there are complaints about the extent of the errors in the tagged data, as well as a lack of comparability among different companies' data.
The SEC is requiring companies to tag their 10-Q and 10-K filings to make it easier for the investment community to gather financial data about companies and compare them.
Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.
Your access to unlimited Treasury & Risk content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Critical Treasury & Risk information including in-depth analysis of treasury and finance best practices, case studies with corporate innovators, informative newsletters, educational webcasts and videos, and resources from industry leaders.
- Exclusive discounts on ALM and Treasury & Risk events.
- Access to other award-winning ALM websites including PropertyCasualty360.com and Law.com.
*May exclude premium content
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
