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]]> by: Bob Schneider http://www.investorgeeks.com/articles/2008/04/22/my-chat-with-the-sec/#comment-355865 Thu, 01 May 2008 17:19:23 +0000 http://www.investorgeeks.com/articles/2008/04/22/my-chat-with-the-sec/#comment-355865 Matt Kelly, editor of Compliance Week, believes that companies’ experience with Sarbanes-Oxley have made them very wary of any new initiatives coming out of the SEC (see http://hitachidatainteractive.com/2008/04/21/xbrl-the-long-and-winding-road/ ). Thus he predicts a “rocky road” ahead for an XBRL mandate. I hope the process goes a lot smoother than he anticipates. By nearly all accounts, the costs of XBRL adoption shouldn’t begin to approach those of SOX, and there’s no reason why interactive data should bear the burden of CFOs’ punishing experience with that law. Bob Schneider Editor, Data Interactive (the Hitachi XBRL blog) http://hitachidatainteractive.com Matt Kelly, editor of Compliance Week, believes that companies’ experience with Sarbanes-Oxley have made them very wary of any new initiatives coming out of the SEC (see http://hitachidatainteractive.com/2008/04/21/xbrl-the-long-and-winding-road/ ). Thus he predicts a “rocky road” ahead for an XBRL mandate. I hope the process goes a lot smoother than he anticipates. By nearly all accounts, the costs of XBRL adoption shouldn’t begin to approach those of SOX, and there’s no reason why interactive data should bear the burden of CFOs’ punishing experience with that law.

Bob Schneider
Editor, Data Interactive (the Hitachi XBRL blog)
http://hitachidatainteractive.com

]]> by: Greenspan Investment » Blog Archive » XBRLater Than Announced http://www.investorgeeks.com/articles/2008/04/22/my-chat-with-the-sec/#comment-345217 Wed, 23 Apr 2008 03:15:38 +0000 http://www.investorgeeks.com/articles/2008/04/22/my-chat-with-the-sec/#comment-345217 [...] Christian Gross, InvestorGeeks.com: On Friday April 18, 2007, I had the chance to participate in a conference call with the SEC on the topic of XBRL. In short, this is about the SEC computerizing SEC data. This means that when you want to calculate a valuation you just need to talk to a web service and it will provide you the information. I am in awe! This is wonderful. How often I’ve had to punch in the numbers by hand to calculate the valuation of a company. With this web service, however, I can query and ask for the details of a publicly traded company. [...] […] Christian Gross, InvestorGeeks.com: On Friday April 18, 2007, I had the chance to participate in a conference call with the SEC on the topic of XBRL. In short, this is about the SEC computerizing SEC data. This means that when you want to calculate a valuation you just need to talk to a web service and it will provide you the information. I am in awe! This is wonderful. How often I’ve had to punch in the numbers by hand to calculate the valuation of a company. With this web service, however, I can query and ask for the details of a publicly traded company. […]

]]> by: XBRLater Than Announced » Hybrid News http://www.investorgeeks.com/articles/2008/04/22/my-chat-with-the-sec/#comment-345080 Wed, 23 Apr 2008 01:16:38 +0000 http://www.investorgeeks.com/articles/2008/04/22/my-chat-with-the-sec/#comment-345080 [...] Christian Gross, InvestorGeeks.com: On Friday April 18, 2007, I had the chance to participate in a conference call with the SEC on the topic of XBRL. In short, this is about the SEC computerizing SEC data. This means that when you want to calculate a valuation you just need to talk to a web service and it will provide you the information. I am in awe! This is wonderful. How often I’ve had to punch in the numbers by hand to calculate the valuation of a company. With this web service, however, I can query and ask for the details of a publicly traded company. [...] […] Christian Gross, InvestorGeeks.com: On Friday April 18, 2007, I had the chance to participate in a conference call with the SEC on the topic of XBRL. In short, this is about the SEC computerizing SEC data. This means that when you want to calculate a valuation you just need to talk to a web service and it will provide you the information. I am in awe! This is wonderful. How often I’ve had to punch in the numbers by hand to calculate the valuation of a company. With this web service, however, I can query and ask for the details of a publicly traded company. […]

]]> by: Jason http://www.investorgeeks.com/articles/2008/04/22/my-chat-with-the-sec/#comment-344523 Tue, 22 Apr 2008 16:50:08 +0000 http://www.investorgeeks.com/articles/2008/04/22/my-chat-with-the-sec/#comment-344523 Christian, I'm very glad that you could make the call. Were there other bloggers on the call with you? Christian, I’m very glad that you could make the call. Were there other bloggers on the call with you?

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