XBRL US submitted a letter responding to the SEC’s Request for Comment on the rule proposal Effectiveness of Disclosures about Entities Other than Registrant. Recommendations made focus on reducing disclosure burden on public companies and improving the usefulness of data used by investors, analysts and other users of public company data. Key recommendations are:
- Eliminate duplication of facts reported by public companies.
- Leverage Inline XBRL technology.
- Reduce the duplication of information reported by public companies to multiple government agencies.
- Make all disclosures available in computer-readable format.
- Eliminate reporting of data in HTML (paper-based) format when it is unlikely to be used in HTML format.
Read the comment letter
