Critics of XBRL hoping for a delay

Has the fact that small companies won a series of reprieves from compliance with 404(b) of Sarbanes-Oxley emboldened big companies facing an aggressive XBRL adoption mandate? Maybe. Big companies seem to be hoping that the SEC will heed their warnings and delay XBRL adoption for companies both big and small. Recall that the SEC laid out a schedule that would call for big companies to report results for a fiscal period ending in late 2008 in XBRL; small companies would follow a year later. CFO reports that big companies have filed comments suggesting that the timetable is too aggressive. While this is understandable, companies may be better off if they ramp up their XBRL efforts now. The last thing you want to do is risk noncompliance. Pfizer and Comcast, reports CFO, warn of tricky vendor issues. Bottom line: Counting on a delay is a poor solution.  

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