diff --git a/doc/source/io.rst b/doc/source/io.rst
index bc15aa102dcec..f61eb54888d1c 100644
--- a/doc/source/io.rst
+++ b/doc/source/io.rst
@@ -1494,7 +1494,8 @@ any pickled pandas object (or any other pickled object) from file:
 Excel files
 -----------
 
-The ``read_excel`` method can read an Excel 2003 file using the ``xlrd`` Python
+The ``read_excel`` method can read Excel 2003 (``.xls``) and
+Excel 2007 (``.xlsx``) files using the ``xlrd`` Python
 module and use the same parsing code as the above to convert tabular data into
 a DataFrame. See the :ref:`cookbook<cookbook.excel>` for some
 advanced strategies
@@ -1516,9 +1517,6 @@ advanced strategies
 
         read_excel('path_to_file.xls', 'Sheet1', index_col=None, na_values=['NA'])
 
-To read sheets from an Excel 2007 file, you can pass a filename with a ``.xlsx``
-extension, in which case the ``openpyxl`` module will be used to read the file.
-
 It is often the case that users will insert columns to do temporary computations
 in Excel and you may not want to read in those columns. `read_excel` takes
 a `parse_cols` keyword to allow you to specify a subset of columns to parse.
diff --git a/pandas/io/excel.py b/pandas/io/excel.py
index 03b547fcd47b7..a691075844f8f 100644
--- a/pandas/io/excel.py
+++ b/pandas/io/excel.py
@@ -37,6 +37,11 @@ def read_excel(path_or_buf, sheetname, kind=None, **kwds):
           column ranges (e.g. "A:E" or "A,C,E:F")
     na_values : list-like, default None
         List of additional strings to recognize as NA/NaN
+    keep_default_na : bool, default True
+        If na_values are specified and keep_default_na is False the default NaN
+        values are overridden, otherwise they're appended to
+    verbose : boolean, default False
+        Indicate number of NA values placed in non-numeric columns
 
     Returns
     -------
@@ -101,6 +106,11 @@ def parse(self, sheetname, header=0, skiprows=None, skip_footer=0,
               column ranges (e.g. "A:E" or "A,C,E:F")
         na_values : list-like, default None
             List of additional strings to recognize as NA/NaN
+        keep_default_na : bool, default True
+            If na_values are specified and keep_default_na is False the default NaN
+            values are overridden, otherwise they're appended to
+        verbose : boolean, default False
+            Indicate number of NA values placed in non-numeric columns
 
         Returns
         -------