Dear CFO, How Secure Is Your Data?

Unpublished Financial Data has the highest risk of Data Security. We look closer at some measures to curb leakage of classified information.


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Why do I need to file in XBRL? Do I really need it?

The talk of town is every regulator jumping on the XBRL bandwagon. We take a closer look as to why it is so important and what would its implications be if the…


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Blowing the Whistle: The SEC Whistle-blower Policy

The SEC keeps a tight watch on the companies and anything that impacts investor interest and rights. Here’s a look on what the program is and how it has shaped…


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Whats the Edgar Filer Manual 18.3 Upgrade all about?

The SEC has brought out a new release- EDGAR Release 18.3. A major part of this release has been focussed on improving the quality of XBRL that the SEC has…


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How to Avoid Filing Amendments to Your 10-Ks & Qs

If companies miss reporting certain disclosures, they are required to file an amendment. Investors, market analysts and stakeholders see amendments as a red…


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What Is iXBRL and What Benefits Does It Provide?

XBRL makes data machine-readable whereas the iXBRL format is human as well as machine readable. Here we take a closer look at what benefits it offers and how…


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Filing a Mutual Fund Document in the XBRL Format? Check for these 3 Common Misses

Your mutual fund XBRL filing of Risk/return summaries need not be complex and time-consuming. At IRIS, we have processed over 270 filings for several mutual…


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FASB Releases Proposed 2018 Shared Reporting Taxonomy (SRT)

Financial Accounting Standards Board (FASB) has released the draft version of 2018 Shared Reporting Taxonomy (SRT) which is open for public review and comment.


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Exhibit Hyperlink Rule Kicks-off, Have You Upgraded Your Software?

The quarterly and annual reports of the US Public Companies have a section in their document - Index to Exhibits, which provides a list of exhibit information…


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Attention Compliance Team: New SEC EDGAR Upgrade Important Note For Q3 filers

The current version upgrade of 17.2, the EDGAR systems will support only two recent versions of the GAAP taxonomy – i.e. 2017 US GAAP and 2016 US GAAP…


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US GAAP 2018 Taxonomy Is Out For Public Comments

The SEC strongly believes that inline XBRL submissions will improve the data quality and over time, decrease cost of preparation of data. This will also…


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Why Inline XBRL Filing Has Got More Popular In The Past Year

SEC this march proposed the use of inline XBRLformat for SEC submissions which was introduced voluntarily last year.The number of companies that have adopted…


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From a Tactical CFO to a Strategic Business Leader

How to transform from a Tactical CFO to a Strategic Business Leader? The answer lies in the use of technology. Read here to know how adoption of these…


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U. S. SEC Accepts IFRS Taxonomy: 3 Points You Need to Know as a U.S. Foreign Filer

On March 1, 2017 the U.S. SEC accepted the IFRS taxonomy for XBRL filing. All U.S. foreign filers following IFRS and filing 20-F/ 40-F with the SEC in Edgar…


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Attention CFOs: Your Data is Your Responsibility

Leaving the preparation of your SEC compliance documents to inexperienced service providers can lead to gross errors in your XBRL documents. As a CFO, are you…


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Why CFOs Should Concern Themselves with XBRL. And How They Can!

The SEC that was only focused on gathering data for so many years is now concentrating on the quality of data that is being collected. A lack of XBRL knowledge…


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Is Your XBRL Report Reflecting Your Actual Data?

The US SEC requires filing in XBRL for standardization and machine led data consumption, and in HTML for easy readability of data. But many times these reports…


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XBRL Filing: Going from Compliance Cost to Strategic Aide

7 years after XBRL was introduced for SEC filing in the US, it hasn't achieved its true potential with filers. It continues to be pinned down as compliance…


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Numbers Carry Weight: Why This Is Important For a Quality SEC Filing

The US Securities and Exchange Commission (SEC) is paying a lot of attention to data quality in company filings. The use of incorrect signs is one of the most…


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Can Your Validated XBRL Report have Incorrect Data?

Though XBRL has in-built rules to validate data at source, there are some data inconsistencies that still pass the validation rules yet provide incorrect data.…


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Decided to Prepare Your First Inline XBRL Filing: What’s Next?

A guide for those who have decided to prepare their SEC filing in inline XBRL format, this document introduces SEC filers to the SEC's inline XBRL viewer. It…


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Nervous About the SEC’s Shift to Inline XBRL Format? These Success Stories Will Inspire Confidence

Are you nervous about the SEC’s shift to inline XBRL format? But inline XBRL is not new and many regulators have adopted


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5 Easy Inline XBRL Tagging Rules to Master Your SEC Filing

Since the SEC's announcement on voluntary filing in iXBRL, more and more companies are looking to adopt iXBRL given its time and cost efficiencies. In response…


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10 Facts You Need to Know About Inline XBRL for SEC Filing

The SEC’s move to accept voluntary iXBRL filings is a blessing for the filing community. It has long term benefits of reduction in report preparation time and…


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Inline XBRL To Raise The Ante On Data Quality

The SEC has announced that it will allow companies to voluntarily file structured financial statement data in Inline XBRL (iXBRL). What does this move augur…


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How Duplicate Facts Can Ruin Your SEC Filing

Duplicate Facts clutter the report, violate the XII guidance and result in calculation validations being skipped. Companies filing such reports run the risk of…


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It’s Raining Cash For s&p 100 Shareholders

In the past 3 years, a massive $1.76 trillion cash has been returned to shareholders by S&P 100 companies; 43% of which was towards dividends and 57% towards…


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Filed Your 10-K? 4 Must-dos to Smoothen Your Compliance This Year

The SEC filing deadline for 10Ks is now behind us. While it's a good time to sit back and relax a little, it's also the right time to take stock and document…


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Is it Homecoming Yet for Undistributed Foreign Earnings?

$764 bn or 40% of aggregate FY 2015 revenues for top US multinationals is lying offshore. With increased focus on the existing deferral tax system can we…


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A 5 Step Guide to Incorporating Proactive Compliance into Your Business

With the cost of non compliance moving from penalties and litigations to audits, diminished brand value and higher attrition rates, more & more organizations…


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A Tale of Plunging Oil Prices and Swelling Credit Provisions

Plumetting oil prices have hit banking stocks in two ways. Direct: Credit exposure to oil and Indirect: Credit exposure to other industries hugely dependent on…


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Monsanto Fined $80Million for Accounting Violations

Monsanto, an American agrochemical & agricultural biotechnology corporation is in the news for an $80 mn penalty that the SEC has slapped on the firm for…


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Top 7 Cloud Computing Myths Debunked

72% of organizations worldwide have at least one application or a portion of their computing infrastructure in the cloud yet there are several organizations…


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The Essential SEC Filing Deadlines Calendar 2016

The SEC Deadlines Calendar 2016 carries important dates for SEC filing of key forms like Form 10-K, Form 10-Q, Form 8-K and others such as Form 3, Form 4, Form…


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The Ultimate Cheat Sheet on Quality SEC Filing

With the SEC increasing focus on the quality of data in XBRL filings, here’s our 6 point cheat sheet to ensure you always stay on top of it..


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What’s Missing in Your Transactional Reporting?

XBRL Global Ledger ensures standardization of your transactional reports, but can it ensure accurate data? An e-audit application controls and audits your…


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XBRL in 2015: A Technical View

2015 has been an exciting year for XBRL with the standard witnessing much progress and adoption around the world. From OIM to XBRL GL 2015, and Taxonomy…


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6 Reasons Why You Should Invest in XBRL

6 Reasons that suggest why XBRL is THE next wave in Electronic Reporting. With XBRL fast becoming a global standard, this is the right time to understand why…


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Don’t Let’ Extensions’ Get in The Way of Your Company Analysis

The US SEC allows companies to extend the US GAAP Taxonomy to suit their data needs. ‘Extensions’, though providing data granularity , take away from…


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New to FATCA? Here is What You Need to Know

Under the Foreign Account Tax Compliance Act (FATCA), the U.S Internal Revenue Services (IRS) mandates Foreign Financial Institutions (FFIs) to report all…


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Transforming Compliance to Enterprise Risk Management

The compliance officer of an enterprise is the pallbearer of the company when it comes to assessing and managing risk. Read how you can integrate Enterprise…


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The Valeant saga: A Case for Prevention over Cure?

Valeant, the Canada-based multinational specialty drugs company is in the news since a short-sell report alleged that it is another Enron in the making. Could…


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SECs Disclosure Effectiveness Initiative: Call for Comments

Under the SEC’s Disclosure Effectiveness Initiative, SEC has requested for comments on Regulation S-X that deals with the registrant’s disclosures related to…


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Inline XBRL : More To It Than Meets The Eye

To reduce the burden of preparing both XBRL and Edgar documents by companies, the US SEC is considering iXBRL in Business Reporting. Will this be just another…


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iXBRL: A Major Link in Business Reporting Evolution

iXBRL is simply a computer-processable and viewable document which combines the qualities of XBRL and HTML in a single document which is viewable in a browser.…


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Are You Babysitting Your 10-Q and 10-K

With SEC filings to be made every quarter, a compliance office is busy through the year. Is there a way to ensure a top-quality filing while having full…


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Who Moved My Document?

Cloud Computing is finding application in organizations’ compliance programs making teams more productive, enabling collaboration, saving costs and crunching…


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Creating a Culture of Compliance

What is it about compliance that employees maintain an arm’s length from it and how can it be made part of the organization’s mainstream culture?


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Using Technology to Future-proof Compliance

With increased complexity in the regulatory environment, and growing demands on the compliance office, can technology help reduce an organizations risk of…


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When to Use a Negative Signage in XBRL : A Bird’s Eye-View on Calculation Link

An XBRL US study suggests that more than 50% of XBRL quality issues due to the use of wrong signage. With the setup of the XBRL US Center for Data Quality, the…


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What Happens When Values In XBRL Are Captured With Wrong Signage

XBRL has the ability to separate the presentation layer from the calculation layer i.e. the way the information is captured for calculation versus for…


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Awesome Tips To Help You Choose Period Type For XBRL Filing

More often than not, poor quality of XBRL report is attributed to the wrong selection of 'Period Type' by filers. 'Period Type' in XBRL distinguishes reported…


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