On March 1, the U.S. Securities and Exchange Commission (SEC) announced support for the International Financial Reporting Standards (IFRS) interactive data (or XBRL) mandate. This directly impacts over 500 Foreign Private Issuers (FPI) – over 40% of which are in Canada – that have not previously had to create, review, and submit XBRL to the SEC. This means 20-Fs, 40-Fs, and 6-Ks with periods beginning on 12/15/2017 must now be submitted in interactive date format.
By Rob Blake, Vice President of Product Management Now that the dust has settled on the SEC press release and proposed rule from last week (more on that in our previous blog), let’s take a closer look at the operational impact. If you’re one of the many who saw the 121-page Proposed Rule on Inline […]
There’s been a lot of buzz surrounding Inline XBRL, but so far not a lot of concrete answers could be found. That’s all about to change. In an SEC press release dated March 1st, the SEC unanimously voted to require the use of iXBRL for public company reporting. Citing benefit to investors, improved accessibility, and […]
There’s a sea of valuable information in your competitor’s SEC filings. But as anyone who has researched public disclosure can attest, they’re not easy to follow. It’s not just finding the filing you’re looking for, but interpreting the dense, hard to read material is both time consuming and tedious. Surely there are better ways to get after this information…
Stressed out, tired, frustrated – is this how you feel during financial reporting season? Learn 5 quick and simple strategies for surviving your next filing period.
Exploring three key takeaways from PwC and FERF’s 2016 Revenue Recognition survey, this post will help you assess where your company stands as the implementation deadline looms nearer.
Revenue recognition has been one of the hottest topics in the financial reporting and compliance industry for over two years. Now, with 14 months left to implement, a new study shows that 83% of public companies have not started preparing. The time to act is now, and the place to start is here, in this 3-part blog series on the basics of the rev rec standard and tips and tricks for implementation.
Competitive intelligence = business intelligence. It’s been said that good work is never a spontaneous conception, but is the culmination of existing ideas and building on top of them. In this post, discover 3 ways you can learn from your competitors’ filings to create better disclosures.
It’s that time again: Financial reporting season. Of course before you actually start creating a filing, there’s a laundry list of things you must to do to prepare: check your internal controls, gather precedents and consolidate your financials. Read on for specifics on the important role of disclosure research to the financial reporting process and how you can use it to your advantage.
Competitive intelligence and business intelligence are two very broad concepts, and the world of disclosure has traditionally been separate. But where does the hard evidence come from? Financial reports contain the most accurate and telling information about a company. This is what we call disclosure intelligence. What makes for a leading disclosure intelligence strategy as opposed to a lagging one? Let’s explore the difference.