Mary Jo White, Chair of the U. S. Securities and Exchange Commission, sent a letter to Senators Mark Warner and Mike Crapo, in which she reiterated SEC support for inline XBRL and noted that the Commission is developing recommendations for SEC consideration to allow filers to submit XBRL data inline as part of their filing, rather than filing XBRL as an exhibit.
The statement was in response to a letter from the Senators of July 21 which requested an update on the consideration of inline XBRL as a means to continue the SEC work to modernize corporate disclosure.
A single filing reduces liability issues and can be less costly and time-intensive, and confirms the value of structured, open data standards.
Read the letter from Chair White || Read the letter from Senators Crapo and Warner
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