Time for Smaller Companies to Learn XBRL

You can run, but you can’t hide! The three-year phase-in period for the use of eXtensible Business Reporting Language (XBRL) is about to hit the last group in the cycle. Effective June 15, 2011 smaller reporting companies (and all other remaining filers using U.S. GAAP) must now attach an exhibit with all their periodic filings. The XBRL “tags” in the exhibit will allow users to easily search for and access specific financial information.

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