Posted on Tuesday, May 16, 2017
Read the letter

XBRL US submitted a comment letter expressing support for the SEC proposal that would require the use of the Inline XBRL specification for operating companies and mutual funds. Highlights from the comment letter include:

  • Transitioning to Inline XBRL will reduce the burden on filers and improve the quality of XBRL-formatted data
  • A phase-in schedule is appropriate for operating companies
  • The Commission should consider challenges facing operating companies and mutual funds when determining the timing in the final rule
  • Inline XBRL should be required for reporting of all disclosures by reporting entities required by the SEC including such areas as the MD&A and proxy


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