To achieve the objectives of streamlining ClearOne Inc.’s SEC iXBRL compliance process, the teams at IRIS CARBON® and Genesis Filings followed a structured approach that included the following key steps:
Onboarding of the 2018 10K Published Documents
We loaded the HTML and XBRL files from the SEC portal and applied the same tags as used in the previous filing to ensure consistency and ease of updates.
A full review of the 10-K 2018 XBRL file was completed, and a report was prepared in Excel outlining suggested changes along with our recommendations and reasoning. This report was presented to the client, and the changes were incorporated into the upcoming filing document upon approval.
Setup of the 2019 10-K Template
We set up the template for the upcoming 2019 10-K filing, including the necessary spreadsheet, to streamline the process and ensure consistency.
Hands-on Training Sessions
Training sessions were conducted to introduce the finance team to the platform and get them familiar with the use of the templates that were set up.
Ongoing Support Needed by the Finance Team
Our team at IRIS CARBON® provided ongoing support to ClearOne’s finance team as needed, including assistance with tagging for new lines, formatting support for the full document, final review of the 2019 10-K document ahead of filing, and test and live filing support.
Roll forward set-up for Successive Filings
We set up roll-forward templates for 10-Q, 10-K, press releases, and proxy filings to streamline the process and reduce the need for manual tagging in future periods.