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 new rule will be phased in beginning this year. For details, visit sec.gov/news/press/2008/2008-300.htm.
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