Accounting and auditing software developer CaseWare is protesting the Securities and Exchange Commission's recent introduction of its IDEA interactive financial-filing system, claiming the name infringes on the trademark of CaseWare's own IDEA software.
The SEC's IDEA system is intended to replace EDGAR as a place for companies to file their financial statements and reports, and for investors to retrieve them (see SEC Offers Interactive System for Financial Filings). The SEC's new system uses Extensible Business Reporting Language, or XBRL, an interactive data-tagging format that makes it easier for investors to analyze and compare financial results. CaseWare says it too has been involved in XBRL development, and the confusion has led some of its customers to ask if the SEC is using its software.
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