XBRL US reports on theU.S. Securities and Exchange Commisssion's issuing a rule proposal to require domestic and foreign issuers that us U.S. generally accepted accounting principles (GAAP), and eventually those that use International Financial Reporting Standards (IFRS), to submit their primary financial statements and footnotes in eXtensible Business Reporting Language (XBRL) format.

Read the report, which comments on the impact of this decision on preparers, investors and software providers, here.