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TechTalk Blog - US SEC Commissioner Mike Piwowar Urges Use of In-Line XBRL for Financial Statement Disclosure

Earlier this week US SEC Commissioner Michael S. Piwowar addressed The 34th Annual Current Financial Reporting Issues Conference in New York, New York, on November 16, 2015. The Republican US SEC Commissioner Mike Piwowar had several remarks regarding Interactive Data /XBRL for public...

Blog Entry
TechTalk Blog - US Securities & Exchange & FASB Increasing Use of XBRL for Better Rule Making To Protect Investors

FASB is using XBRL data to sort out the leasing disclosures from information contained in public company financial statements to make better rules are determine if this information is reported correctly to the capital markets. Today, close to 15,000-20,000 data elements contained in the financial statements of a public company is tagged (The DNA of a public company) and linked to accounting rules for better comparison and analysis for better company transparency and accountability