| 00:00:04 |
none, -
OK. THINK WE'LL GET THE PROGRAM STARTED. CAN EVERYONE TAKE HIS OR HER RESPECTIVE SEAT, PLEASE? WE'RE VERY FORTUNATE TODAY TO HAVE AN EXCELLENT KEYNOTE...
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| 00:00:28 |
Unidentified Speaker, -
THIS PROGRAM ON INTERACTIVE DATA. AND SOMETHING CALLED XBRL, IS THE SAME THING. AND I'LL DO A LITTLE INTRODUCTION AND THEN CHRIS COX WILL TALK, WE'LL...
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| 00:09:11 |
Unidentified Speaker, -
A GRANDIZING ME IN THIS INTRODUCTION FAILED TO MENTION BECAUSE HE HIRED ME INTO THE WHITE HOUSE WHEN HE WAS IN THE WHITE HOUSE AS COUNCIL TO PRESIDENT...
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| 00:29:39 |
Unidentified Speaker, -
XPRL MANDATORY FOR S.E.C. FILINGS, AND SPECIFICALLY ANNUAL REPORTS, 10-K-, 10-Q'S AND THE
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| 00:29:48 |
Unidentified Speaker, -
LIKE? >> I'M HOPEFUL THAT WITH THE KIND OF PRIVATE SECTOR LEADERSHIP THAT WE ARE SEEING IN THIS ROOM AND INDEED THAT WE ARE SEEING AROUND THE WORLD,...
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| 00:30:12 |
Unidentified Speaker, -
WAY BY USING INTERACTIVE DATA. THINKING OF THIS AS A REGULATORY MANDATE IS NOT, I THINK, THE RIGHT WAY TO THINK ABOUT THIS. THE BEST WAY IS A MAGNET....
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| 00:31:07 |
Unidentified Speaker, -
HAVE A VIEW ABOUT WHAT ALL OF THIS MEANS FOR THEM? >> INDEED, WE'RE BEGINNING OR AT LEAST ONE OF THE BEGINNINGS THAT WE ARE MAKING WITH, IS WITH MUTUAL...
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| 00:31:35 |
Unidentified Speaker, -
AND E.T.F.'S ARE THE CHOICE FOR THE INVESTOR. THE KINDS OF DISCLOSURES THAT MUTUAL FUNDS MAKE TO THE S.E.C. AND THAT ARE THEN DISTRIBUTED FOR THE...
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| 00:33:41 |
Unidentified Speaker, -
YOU LOOKING TO SOME OF THEIR STANDARDS AT ALL? ARE YOU INVOLVING THEM? CONSULTING THEM AS YOU LOOK AT THIS QUESTION OF XPRL TAXONOMY? >> I'LL TRY TO...
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| 00:34:12 |
Unidentified Speaker, -
IN THE LEADERSHIP OF THIS EFFORT WHICH THE S.E.C. IS DOING TO BRING IT ABOUT MORE QUICKLY, TO HASTEN IT. X.R.L. IS UBIQUITOUS IN OUR ECONOMY. IF YOU...
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| 00:36:31 |
Unidentified Speaker, -
BETTER AND TELL THAT YOU WE HAVE BIRKSE LAST COUNT, OVER 800 FORMS AT THE S.E.C. IT'S BEEN ESTIMATED THAT USING INTERACTIVE DATA WE COULD REDUCE THAT...
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| 00:36:51 |
Unidentified Speaker, -
FLIP THE MODEL. INSTEAD OF THE FORM BEING THE BASIS FOR THE INFORMATION, THE INFORMATION BECOMES THE BASIS FOR THE FORM. IT CAN REORGANIZE ITSELF...
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| 00:37:33 |
Unidentified Speaker, -
JUMP ANY TIME SOON AND WHY? AND CONSIDERING IT'S BEEN AROUND FOR A COUPLE OF YEARS NOW AND REALLY DOESN'T SEEM LIKE IT'S BEEN, COMPANIES HAVE BEEN...
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| 00:38:05 |
Unidentified Speaker, -
GOING AHEAD LICKETY-SPLIT HERE. I AM PLEASED WITH THE VOLUNTARY TAKE-UP. IF YOU LOOK AT THE PARTICIPANTS IN OUR VOLUNTARY XPRL FILING PROGRAM,...
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| 00:38:56 |
Unidentified Speaker, -
REPEAT. THE RUDINIIZATION OF THIS FILING WILL PEP THEM. IT'S' A BIG REGISTRANT BENEFIT. IN MANY WAYS, COMPANIES ARE CONSUMERS OF THEIR OWN FINANCIAL...
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| 00:40:01 |
Unidentified Speaker, -
SO YOU DON'T HAVE TO NORMALIZE THEM BY HAND AS MANY OF OUR COLLEAGUES ON WALL STREET DO. DO YOU THINK THIS DEBATE OVER THE TECHNOLOGY IS GOING TO ALSO...
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| 00:40:33 |
Unidentified Speaker, -
IN THIS WAY THROUGH INTERACTIVE DATA. I THINK THAT SOME PEOPLE FEAR THAT BECAUSE INTERACTIVE DATA, XPRL, IF YOU WILL, CAN TAG DATA ALL THE WAY DOWN...
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| 00:41:38 |
Unidentified Speaker, -
LISTED IN THE UNITED STATES TO COMPLY BETTER WITH THE TOUGH ACCOUNTING
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| 00:41:41 |
Unidentified Speaker, -
AND DISCLOSURE LEGISLATION IN THIS COUNTRY? THANKS. >> FOR ACCELERATED FILERS, LARGE, FOREIGN PRIVATE ISSUERS, WE WILL, OF COURSE, BE GOING FORWARD...
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| 00:42:11 |
Unidentified Speaker, -
THE RELATIONSHIPS BETWEEN SOX COMPLIANCE AND DATE DARKTSE I THINK THERE IS ONE WITH. THE SAME WAY INTERACTIVE DATA WILL MAKE FINANCIAL-REPORTING BETTER,...
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NOTE: The transcript for this program was compiled from uncorrected Closed Captioning.