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Will Companies Soon be Tweeting Disclosure Documents?

Market-moving corporate announcements can now be made on Facebook, Twitter, and other social media sites, according to a ruling that that the SEC made yesterday. The main caveat is that public companies must have already made public the outlets that they intend to use for financial disclosure before they begin making announcements this way. [More]

IFRS Foundation Releases Proposed 2013 IFRS XBRL Taxonomy

On January 18, 2013, the IFRS Foundation released the 2013 IFRS XBRL draft taxonomy for comment. The updated 2013 taxonomy consolidates all IFRS taxonomy interim releases published in 2012 and reflects industry practices derived from an analysis of financial statements prepared by companies’ representatives from the banking, insurance, and extractive industries. [More]