Posted on Thursday, July 21, 2016

On July 21, XBRL US submitted a comment letter in response to the April 13 SEC Concept Release on Business and Financial Disclosures Required by Regulation S-K.  XBRL US members played a key role in preparing the recommendations which encourage the Commission to:

  • make greater use of standards, which offer a clear, consistent framework to communicate reported data; and
  • to take advantage of technology to streamline processing for registrants and automate the consumption of corporate data, making it significantly more useful.

Download pdf XBRL US Letter File Number S7-06-16 Business & Financial Disclosures in Regulation S-K published July, 2016.