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SEC Finds Smaller Filers Relay On Custom Tags More Than Large Filers

The SEC’s Division of Economic and Risk Analysis recently assessed the quality of XBRL exhibits from 2009 through October 2013– the period following the 2009 rule requirements that public companies file financial statement information in XBRL. For large accelerated filers, the staff observed a steady decline in custom tag use during the phase-in period and thereafter. [More]