Securities Law Prof Blog: SEC Proposes Rule on Interactive Data to Improve Financial Reporting
Securities Law Prof Blog: SEC Proposes Rule on Interactive Data to Improve Financial Reporting The SEC has published for comment proposed rules requiring companies to provide financial statement information in a form that would improve its usefulness to investors. Under the proposed rules, financial statement information could be downloaded directly into spreadsheets, analyzed in a variety of ways using commercial off-the-shelf software, and used within investment models in other software formats.
