PR Newswire Presents: XBRL – a new standard in financial reporting

The Securities & Exchange Commission (SEC) recently launched a voluntary filing program to assess the benefits of XBRL, eXtensible Business Reporting Language. Today, companies have the option of filing their 10-K, 10-Q or even their earnings release in XBRL format to EDGAR. The outcome of the SEC's program could result in XBRL becoming a standard format for the EDGAR database. What is XBRL? It is an XML-based standard that permits the automatic exchange and reliable extraction of business and financial information across all software formats and technologies, reducing the need to enter that information more than once - saving time and reducing errors. It is designed to help public companies be more transparent to their stakeholders. PR Newswire invites you to join leading experts in a free panel discussion. Learn more about XBRL, the SEC’s voluntary filing program, how it will benefit analysts and portfolio managers and ultimately the capital markets and how it will affect investor relations professionals.