Monthly Archives: September 2010

SEC proposes U.S. GAAP reporting taxonomy using XBRL

The Securities and Exchange Commission and the Financial Accounting Foundation have released a proposed taxonomy using eXtensible Business Reporting Language that public companies must use while filing U.S. GAAP financial reports in 2011. The SEC is accepting public comments on its proposal until Oct. 30 and plans to release a final mandate early next year.

To read more click on the WebCPA link in the title above.