The move to XBRL filings will roll out in stages, with about 500 so-called large domestic and foreign issuers expected to submit XBRL versions of financial reports this winter. This is according to the Securities and Exchange Commission, which earlier this month issued a rule proposal concerning XBRL adoption.

Beginning with fiscal periods ending on or before Dec. 15, companies with a public float of $5 billion or more will have to begin using XBRL reporting.

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