Get the RSS FeedXBRL Affects Form 10-Q, Even If It Doesn’t Apply to Your Company Yet May 8, 2009 1 Comment
The SEC’s adopting release for its mandatory XBRL rules was effective on April 13, 2009. The very largest public companies have been scrambling to comply with these rules, which apply to them starting with the first 10-Q containing financial statements for a period ending on or after June 15, 2009 – they will need to be ready to provide their financial statements in interactive data format using eXtensible Business Reporting Language (XBRL). But other companies are not subject to the rules until mid-2010 (2011 for smaller reporting companies). Do these other companies need to be concerned with the XBRL rules right now? [To read more, click on the title above.]