February 2, 2006 AccountingWEB.com
In seeking a new manager for its Electronic Data Gathering, Analysis, and Retrieval (EDGAR) database, the Securities and Exchange Commission has widely opened the door for that system to use the eXtensible Business Reporting Markup Language (XBRL) software code being developed by an accounting profession-led group.
The SEC’s request for proposals (RFP) for management of EDGAR, posted on January 27, features several portions that imply that the system’s new manager should be prepared to implement XBRL, the business report version of eXtensible Markup Language (XML) which codes individual items within documents so that they can be immediately accessed.
