Few hiccups so far in XBRL earnings season
It’s midway through earnings season and 61 companies (as of 5 pm today) have produced XBRL statements under the SEC mandate for reporting periods ending after June 15. The rest of the first 500 biggest companies should join the interactive data movement in the coming weeks. According to early indications, all’s well with XBRL.
The bad news is few if any issuer websites are giving shareholders more than a basic view of XBRL statements while some errors may reveal the SEC hasn’t fully scaled up its review process.
Read more here.