Interactive data, the type brought or you by the extensible business reporting language (XBRL) now being tested by the Securities and Exchange Commission for filing corporate financial reports may be coming to mutual funds a lot sooner than expected. SEC Chairman Christopher Cox says the agency is “so keen” on XBRL now, that it may be only months before he begins testing it with mutual funds. “The taxonomy development that is needed to make this a reality is well within our reach,” Cox said in a video message to an XBRL conference in San Jose, Calif. While Cox is hot on XBRL, companies have been somewhat cool and the voluntary interactive reports have been few and slow in coming.
