Last night the SEC posted new Staff Observations dated 6/15/11which include the SEC’s observations about some of the most common and significant issues from the filings analyzed by the SEC. Some of the more notable items included in the document are: 1) Format of the statements, 2) Negative Values, 3) Extended Elements, 4) Completeness of tagging, 5) Modeling of Level 4 tagging, and 6) Units. Understanding each of these items can greatly assist in the quest for submitting SEC compliant, high-quality XBRL.
Link: Staff Observations From Review of Interactive Data Financial Statements »
Tags: SEC Staff Observations
