Publisher: Reuters Author: Nate Raymond The U.S. Securities and Exchange Commission's controversial use of in-house…
The SEC announced plans to update the EDGAR system on September 28, 2009.
The update will include expanded technical requirements used to validate Interactive Data File (XBRL) files. The new validation process means XBRL files containing technical errors that were previously accepted by EDGAR may now be rejected. It is recommended that companies make plans to finalize XBRL exhibits long before filing deadlines to ensure they are compliant and able to file their reports.
To read the release, click here.