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The latest XBRL iteration is intended to simplify and cut the costs of information preparation for submission to the SEC.
The SEC, as part of what it calls its “disclosure modernization initiative,” is proposing amendments to improve the quality of data submitted by public companies and mutual funds using the eXtensible Business Reporting Language (XBRL). XBRL is a format that “allows filers to embed XBRL data directly into a HyperText Markup Language (HTML) document,” the...
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