The Securities and Exchange Commission is holding a public seminar on June 10 to help companies and preparers comply with new financial reporting rules.
Beginning on Jan. 1, 2011, mutual funds will be required to start using the interactive data format XBRL, short for extensible business reporting language. The XBRL format supports multiple layers of information on a single page, allowing users to "dig down" through an online document to find additional information.
The SEC's seminar will provide tools and guidance in areas of XBRL compliance, regulations and technology requirements.
The seminar is slated to begin at 11 a.m. at the SEC's headquarters at 100 F Street N.E. in Washington, and will also be webcast. For more information on the seminar or to suggest topics and questions in advance, contact Ask-OID@sec.gov or call (202) 551-4144.