Marie Leone at CFO.com has an interesting post about the SEC’s Chairman to move to XBRL.  I think she correctly draws the conclusion that it’s only a matter of time before the SEC requires companies to generate and submit their data in XBRL.

Interactive data will clearly help the SEC; however, Chairman Cox is working to develop solutions that will benefit the companies generating the data.  Only time will tell what solutions are developed for the companies themselves, but as Ms. Leone points out, the reasonable conclusion is the the SEC is quickly moving towards the goal of XBRL submissions.  How quickly this will become mandatory is anyone’s guess.