ALI-ABA Webcast

New SEC Guidance on XBRL Implementation


David M. Lynn and Lawrence R. Bard

David M. Lynn and Lawrence R. Bard


The largest SEC reporting issuers will be required to submit interactive (XBRL) data files with their Form 10-Qs for the second quarter ending June 30, 2009. The first group of issuers being phased in to the SEC’s new XBRL requirements are those domestic and foreign large accelerated filers using US GAAP with a public float of greater than $5 billion as of end of second quarter of their most recently completed fiscal year, followed by all remaining SEC filers over the next two years...

Topics to be discussed include:

  • What is XBRL?
  • Overall impact on SEC filings 
  • The phase-in schedule
  • Investor relations considerations
  • Disclosure controls and internal control concerns
  • Considerations for certifications
  • Liability, due diligence and related issues
  • Consequences for non-compliance
  • What to do when things go wrong
  • Alternatives for tagging and filing 
  • The latest SEC Staff Guidance – May 29, 2009

For more information, click here.

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