The Securities and Exchange Commission announced it will allow companies to voluntarily file structured financial statement data in the Inline XBRL data format, a technology that is freely licensed and made available by XBRL International. This initiative represents another step in the SEC’s continuing efforts to modernize and enhance its requirements to facilitate transparency of, and access to, companies’ disclosures.
SEC Order 34-78041 allows companies to file structured financial statement data required in their annual and quarterly reports integrated within their HTML filings through March 2020: http://www.sec.gov/rules/exorders/2016/34-78041.pdf.
Learn more about the XBRL International technical specification.
