Today, House Oversight and Government Reform Committee Chairman Darrell Issa, R-Calif., wrote to Securities and Exchange Commission Chair Mary Jo White asking for an explanation of why the SEC has been so slow to embrace the use of eXtensible Business Reporting Language, XBRL, even as she seeks more funds to hire more staff.
Chairman Issa said "Interactive data in financial reporting offers the opportunity for increased speed, accuracy and usability through automation, first by filers, then by analysts, and finally by the SEC."
Click here to download Chairman Issa's letter to Securities and Exchange Commission Chair Mary Jo White.
