One year into a pilot program promoting easy-to-search electronic filings through XBRL, or extensible business reporting language, the Securities and Exchange Commission will host a series of roundtables at its headquarters to review the successes of the initiative and plan for its expansion, with the first session scheduled for June 12. Investors, issuers, analysts, auditors, regulators and technology professionals are invited to participate and offer feedback.
"It is now within our reach to get dramatically more useful information into the hands of investors," said SEC Chairman Christopher Cox, a proponent of expanding the use of technology.
Last year, about 12 companies volunteered to test using XBRL for their SEC filings.
(c) 2006 Money Management Executive and SourceMedia, Inc. All Rights Reserved.
http://www.mmexecutive.com http://www.sourcemedia.com
