It’s been a common criticism that the SEC has not been “eating their own cooking” in regards to XBRL. They require companies to file it, but then they don’t use it themselves.
Of course this has never been entirely true. Regardless, it’s about to change dramatically.
Calcbench is thrilled to announce that we have entered into a relationship with the SEC that will give a significant number of analysts access to our platform, our normalized metrics, our raw XBRL search tools, our data about XBRL filing errors, and more.
XBRL data provides a very detailed, unfiltered look at a company’s financial reports. Our job is to make that data easily accessible, without losing any of the detail. Of course it’s just our opinion, but we think SEC users are going to like it as much as we do. And it’s only going to get better as we continue to build new tools to help analysts do their jobs better.
All in all, we see this as a great step forward for the XBRL movement, and for the markets as well!