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.
Can you believe it? 2017 proxy season is fast upon us! It’s never too soon to start preparing your director and officer (D&O) questionnaires and ensure your firm is meeting all of its disclosure requirements. Read this blog for important information to ensure your company stays compliant.
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.
As financial reporting professionals, we frequently ask ourselves how we can be better at what we do. That’s why it’s always a good time to adopt habits that will help us improve, for the benefit of both our organization and ourselves. One way to do this is to take a more individualistic approach to one of the recent overriding industry themes: disclosure effectiveness. One of the simplest ways you can be a more effective cog in your company’s Disclosure Management Cycle is to adopt these 3 simple, yet effective time management tips.
Companies new to disclosure research – also known as public filing search – often ask us: “How will it help me?” Over the years we’ve learned that regardless of industry, having access to a robust and reliable database of publicly filed documents is a game-changer for companies. It places directly in your hands the most relevant information in the least amount of time, making you look like a superstar in front of your bosses and colleagues. Read this article for real-world examples of how disclosure research saves the day.
XBRL quality matters, and the XBRL US Data Quality Committee (DQC) is committed to improving quality of interactive data filings submitted to the SEC by providing guidance and rules that will detect and prevent inconsistencies in XBRL data. On June 30th, 2016, the DQC announced the start of its second public exposure period for proposed rules. The recently proposed rules consist of the following guidance.
Last week Certent announced its acquisition of DisclosureNet, a provider of software-as-a-service solutions that improve the quality of external and internal reporting by enabling peer comparisons and analysis, access to accounting standards, and quantitative benchmarking. The acquisition of DisclosureNet further expands Certent’s current financial compliance capabilities which streamline the SEC and SEDAR reporting process, improve productivity, and strengthen controls and collaboration.
Yesterday, the SEC announced the start of the Inline XBRL, or iXBRL, voluntary filing program which runs through March 2020. External reporting professionals have heard rumblings of Inline XBRL for a few years now, and this announcement marks the SEC’s official launch into a new era of interactive data-based public disclosures. But with updated regulation comes anxiety and fear – and you want to know what does Inline XBRL mean for me?
Last week the XBRL US Data Quality Committee announced that the implementation of new validation rules put forth by the committee resulted in a significant increase in the quality of XBRL data submitted to the SEC in the first quarter of 2016. The validation rules were put in effect for the purpose of helping companies detect inconsistencies in their XBRL data specifically around incorrect negative values, improper value relationships between elements, and incorrect dates– and it seems to have been successful. Read this blog to see the results.