The Hindu Business Line : Infosys joins SEC's pilot project

Infosys Technologies Ltd is among 17 global companies that have agreed to participate in a new pilot programme of the Securities and Exchange Commission of the US to use interactive data in their financial statement filings.

The companies would help the agency to explore how new Internet-based reporting technologies could improve the financial reporting process for investors, financial intermediaries, the SEC and the companies themselves, a release said.

The pilot programme would simultaneously enable the participant companies to determine the benefits of using interactive data, provide feedback to the Commission, and enable investors and analysts to assess new techniques for analysing interactive data reports submitted to the SEC in the eXtensible Business Reporting Language (XBRL) format.

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