The SEC posted this Notice on April 18 that they have rescheduled the open commission meeting to discuss a proposal on XBRL, originally scheduled for today (April 21), to May 14 at 10am.
As such, the SEC open commission meeting on XBRL will follow the next meeting of the SEC Advisory Committee on Improvements to Financial Reporting (CIFiR, or the "Pozen Committee" for chair Robert Pozen), taking place on May 2nd, to discuss testimony and comment letters received on recommendations contained in CIFiR's Progress Report, including recommendations regarding a phased in approach to mandating adoption of XBRL.
See our related post last week: "SEC General Counsel Says XBRL Proposal Will Be Considered "In the Near Future;" Part of Move to Global Convergence."
Three FEI committees commented on CIFiR's XBRL related proposals, and the other CIFiR recommendations, in comment letters filed on CIFiR's Progress Report. See the letters filed by FEI's Committee on Finance and Information Technology (CFIT), the letter filed by FEI's Committee on Small and Mid-Sized Public Companies (the two separate letters are attached here), and the letter filed by FEI's Committee on Corporate Reporting here.
FASB-IASB Discuss Updating MOU
Separately, FASB and the IASB are holding their semi-annual joint board meeting today. Meeting in London, they are discussing an update to the 2006 Memorandum of Understanding (MOU). See this agenda paper on the MOU for further background.
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