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The AAO Weblog covers accounting issues and current events as they relate the practice of investment analysis. All posts prior to September, 2007 are in the public domain, but after September 4, only subscribers to The Analyst's Accounting Observer will see all posts going forward. Only selected, occasional posts will be released to the public domain from September 4 forward.

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XBRL Update
Location: BlogsAAO Weblog (Public)    
Posted by: Jack Ciesielski 3/31/2006 7:18 AM
As mentioned in a previous post, the SEC has been trolling for volunteers to file reports in the XBRL format that's touted as the next big thing in manipulable financial reporting documents by Chairman Cox. And as last reported here, the fish weren't exactly jumping into the boat.

Finally, the SEC has landed a few. Seventeen companies have stepped forward to be guinea pigs: 3M Company, Altria Group, Brazilian Petroleum Corporation, Bristol-Myers Squibb, Dow Chemical, Gol Intelligent Airlines (possible oxymoron there), Infosys Technologies, Microsoft, Mobile Reach International, Net Servicos De Comunicacao SA, Old Mutual Capital, Pfizer, R.R. Donnelley & Sons, South Financial Group, United Technologies, Xerox and XM Satellite Radio Holdings.

Gee, if only there was cheap, available end-user software out there for analysts and investors to use in evaluating the financials of the guinea pigs. There's nothing available from the SEC to assist users in making sure their noble experiment is providing useful information to investors.

Anyone out there know of any beta test software for working with XBRL files? Drop me a line if you do.
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