XBRL For SEC Reporting of Public Company Financial Data

As global accounting standards have started to converge, businesses are increasingly being required to understand and adopt XBRL as an enabling technology in enterprise wide disclosure initiatives being mandated by global financial governing bodies, such as the SEC’s Final Rule in the US and HMRC in the UK.

Executing any company IT strategy requires knowledge, foresight and careful planning and XBRL is no exception.

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Material Misstatements

Material Misstatements Sarbanes Oxley Material Misstatements are a significant event under the Sarbanes Oxley Act.  How do determine whether there is a risk of a material misstatement?  A material weakness…

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A Need for Financial Transparency

Summary Even though the U.S. Securities and Exchange Commission (SEC) clearly defined financial transparency as an important component of the foundation of our financial system, it is nearly non-existent in…

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