Interactive data tags coming for financial info
The SEC has approved a rule to require public companies and mutual funds to use interactive data for financial information available on the Internet.
The SEC has approved a rule to require public companies and mutual funds to use interactive data for financial information available on the Internet. In simple terms, financial statements must be labeled with computer-readable tags, which function like bar codes to make financial data more searchable online and more readable by spreadsheets and other software. The rule will occur on a phased-in schedule beginning next year. For details, visit sec.gov/news/press/2008/2008-300.htm.
Learn more about reprints and licensing for this article.
