Cox Speech at XBRL US Conf SJ

While it was clear Cox's warmup speech to the XBRL US Conference Silicon Valley was very incisive and supportive of the XBRL initiative, the follow up podium comments by his IT Director Corey Booth appeared to be somewhat guarded in it's support - often indicating the wish of the regulator to let the market decide on the pace of adoption. Time will tell whether this was good politics or good sense at a time when the SEC's voluntary program is close to being a joke in terms of adoption.

Clearly the benefit of this new reporting standard is more illusory than its advocates would like us to believe, and the role of the SEC and fear rather than greed is more important to reaching the proverbial tipping point.