2 House bills would increase use of XBRL

01/3/2010 | WebCPA

Companies that receive federal funds would face simpler mandatory financial reporting under a bill that was passed by the U.S. House last month. Under the measure, federal agencies would collect the data in XBRL format. Separately, a massive regulatory-reform bill that passed Dec. 11 contains provisions aimed at increasing the use of XBRL, a form of tagging designed to make the reporting of financial information easier for investors to understand.

View Full Article in:

WebCPA

Published in Brief: