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ARTICLE · 27 MAY 2010

Upcoming XBRL Compliance Dates

Mayer Brown
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Phase-in compliance dates are fast approaching for when financial statements filed with the U.S. Securities and Exchange Commission (SEC) must be in interactive data format using the eXtensible Business Reporting Language (XBRL).

United StatesFinance and Banking
Laura Richman
Laura Richman
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Originally published May 24, 2010

Keywords: XBRL, eXtensible Business Reporting Language, compliance dates, XBRL filers, tagging, financial statements, footnotes, schedules, GAAP

Phase-in compliance dates are fast approaching for when financial statements filed with the U.S. Securities and Exchange Commission (SEC) must be in interactive data format using the eXtensible Business Reporting Language (XBRL).

First Group of XBRL Filers—Detailed XBRL Tagging of Footnotes and Schedules. Domestic and foreign large accelerated filers that employ U.S. GAAP and have worldwide public common equity float above $5 billion were required to tag their financial data beginning with their quarterly report on Form 10-Q, annual report on Form 20-F or Form 40-F that included financial statements for a fiscal period ending on or after June 15, 2009. During the first year of filing using XBRL, these companies were permitted to block-tag the footnotes and schedules that accompanied

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