For IROs, XBRL errors a wake-up call
WITH financial data providers increasingly using XBRL filings in the numbers they deliver to Wall Street, poor corporate reporting controls are threatening company reputations and raising the specter of investors making trading decisions based on faulty figures.
10 ways to ease XBRL detailed footnotes tagging
This is a guest post by David J. Price, chief financial officer and chief operating officer, EDGAR Online, Inc. Mr. Price joined EDGAR Online as Chief Financial Officer on July 6, 2010 and became Chief Operating Officer on May 13, 2011. Prior to that, he was Executive Vice President, Finance, Chief Financial Officer, Treasurer and [...]
Colorful gadget highlights XBRL’s potential
XBRL US Labs, the research arm of the XBRL US consortium, recently released a tool to show how data reported in eXtensible Business Reporting Language can be compiled within minutes of being posted on EDGAR and then presented in a way that makes analysis simple and visually interesting.
XBRL buyers’ guide for first-time filers
SINCE many companies have yet to make a decision about how they will meet the US Securities and Exchange Commission’s (SEC) looming XBRL deadline, we have put together a “Shoppers Guide” to help them navigate their way through the XBRL vendor market.
Yes, XBRL was hyped — but strategic IROs won’t write it off just yet
WHEN you work with eXtensible Business Reporting Language (XBRL) on a daily basis like I do, it’s easy to forget – and sometimes a little disconcerting — that most people don’t share your enthusiasm for the standard and its potential.
Hoping for an XBRL break? Don’t hold your breath
AMERICAN businesses affected by Sarbanes-Oxley legislation still vividly remember the days leading up to the deadline for SOX 404 compliance back in 2004/2005, and the vast army of internal control specialists that were mobilized — at sometimes eye-watering rates — to help filers meet their Section 404 requirements.
Concerns raised with SEC about XBRL filing crunch
CONCERNS are being raised about the readiness of service providers to meet the needs of the more than 8,000 smaller companies that must begin filing reports in eXtensible Business Reporting Language (XBRL) for the first time this July.
Patent casts doubt on investor access to XBRL
CONCERNS are being raised that a patent issued to private company EDGAR Online Inc. (NASDAQ: EDGR) will restrict investors’ access to tools that enable them to quickly analyze company financial information in the regulatory mandated eXtensible Business Reporting Language (XBRL).
This week in Investor Relations
A weekly compilation of news from around the world of investor relations.
WebFilings causes a stir with easy-to-use financial reporting tool
A NEW company is causing a stir in investor relations and corporate reporting circles with its financial reporting software that makes it a snap for companies to confidently create multiple disclosure documents that automatically update when figures are changed in a single spreadsheet.
Will Europe ever get its own EDGAR?
EUROPEAN Union securities regulators last week put out a paper on creating a central disclosure system — but with so many vested interests to placate it seems implausible that investors will soon have a single gateway to EU securities filings.
Really, really good stuff from Michelle Savage on IR and XBRL
Michelle Savage, vice president of communications at XBRL US and former VP of IR services for PR Newswire, is interviewed by Brian Pittman for Bulldog Reporter’s IR Alert. She cuts through the usual blather about XBRL greatness to explain what investor relations professionals really need to be thinking about now that their companies are, or [...]
SEC mandates XBRL for financial statements
AFTER several years of evangelizing it at every opportunity, US Securities and Exchange Commission (SEC) chairman Christopher Cox yesterday finally sealed what he hopes will be his legacy. The commission voted 4 to 1 to approve rules that will require all registered companies to use eXtensible Business Reporting Language (XBRL) when submitting their financial statements [...]
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