XBRL Becomes Mandatory - This Should Be Interesting

XBRL Becomes Mandatory - This Should Be Interesting - O'Reilly Broadcast: "The announcement came quietly, a briefly worded memo from the SEC in December that as of the the third fiscal quarter of 2009 (starting in June), companies over $5 billion in assets would be required to start reporting their earnings using the Extensible Business Markup Language, or XBRL. Other companies would be required to follow suit according to whether they use GAAP (which have a one year grace period) or IFRP (starting 2011)."