XBRL


 

The SEC launched a Web page that enables investors to more easily read, analyze and compare the information provided by mutual funds related to fund cost, risk and past performance. The Mutual Fund Reader follows on the SEC’s new rules that permit mutual funds to voluntarily provide information to the SEC and investors using interactive data. The SEC approved rule amendments in June 2007 to enable mutual funds to submit risk/return summary information from their prospectuses using interactive data. Interactive data uses XBRL, a computer language that labels companies’ financial and other data so that investors and analysts can more easily find what they’re looking for, and use the information for comparisons and analysis. To try the new viewer, visit www.sec.gov/xbrl .

The International Accounting Standards Committee (IASC) Foundation’s XBRL Team released a near-final version of its IFRS Taxonomy 2008 at the end of March. The IFRS Taxonomy 2008 is a complete translation of International Financial Reporting Standards (IFRS) as published in the IFRS Bound Volume 2008 into XBRL. The final version is expected to be released at the end of June 2008 and will also be freely available, according to an IASC Foundation news release. For more information, visit www.iasb.org

 

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