Preparing financial disclosures is a hectic process, and one of the best ways to make sure you stay on track is to incorporate XBRL milestones into your filing schedule and use the resources that are available to you. In this blog, we provide some general guidelines for your XBRL timeline and valuable resources to help keep you on track and compliant.
Closely held companies often call us to ask questions about how to set up and run an equity compensation plan for employees. One of the first questions they ask is how much equity they should share. When I ask them what they have in mind, almost invariably they say 10%. Somehow, it just sounds like the right number. And they have heard that is what other companies do, so it must make sense. Of course, if people share 10% because they hear other companies share 10%, it becomes a self-fulfilling trend.
The rise of video is no surprise given the massive shift in culture and technology – and the staggering popularity of YouTube! At one time, video was simply a means to entertain; pop a VHS in your VCR and grab the popcorn, but these days video is so much more than that. More and more companies are using video to not only entertain, but to educate and engage – and stock plan administrators can too.
Quality and data accuracy is everything when dealing with financial disclosures. The pressure of looming deadlines can sometimes lead to compromised quality for some public companies, but it doesn’t have to. In this blog, Jen Stretch, manager of compliance services at Certent, provides guidance around proper quality control procedures and critical quality reviews.
After recently being acquired by an out-of-state company, all headquarters personnel are at risk of being let go. At age 60, Eileen faces unplanned retirement along with many of her colleagues at the high tech company where she works. Perhaps you recognize high-potential employees who fit Eileen’s description.
The SEC added a new frequently asked question to their Staff Interpretations and FAQs Related to Interactive Data Disclosure webpage. This online resource provides a bank of answers to frequently asked questions around interactive data disclosures and communicates best practices to financial reporting professionals as they pertain to XBRL.