Latest From Our Blogs on compliance reporting and SEC reporting

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SEC iXBRL Filings – The Secret Sauce to Quality

In our years of helping companies file their compliance report with the SEC, one thing for sure is common to most of them-the mad rush to meet the filing…


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SEC Filing Calendar 2019

We’re sure you are in the midst of balancing business objectives with regulatory demands. We are already at the behest of yet another six months of…


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SaaS Solutions vs Conversion Services – What’s The Best Route to iXBRL

Companies either outsource EDGAR and XBRL conversion processes to Filing Agents/Financial Printers or use SaaS Solutions to prepare their Qs and Ks internally…


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Partnership Advantage with IRIS CARBON®

Strategic partnerships are important for your business’s growth, success, and longevity. They give your business a competitive edge, an opportunity to grow…


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SEC Taxonomy For 2019 Is Here

The Financial Accounting Foundation (FAF) and the Financial Accounting Standards Board (FASB) are in charge of the development of the U.S. GAAP Financial…


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iXBRL Filings – An Encouraging Global Trend

One of the most important languages in business is surprisingly never spoken enough. The XBRL reporting standard is a machine-readable format used world over…


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Your Guide To Opting For The Best SEC Compliance Software

By its very nature, a typical reporting process can be time-consuming. A report like the 10-K has over 20 disclosures and 5…


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A Tale of Two Cities

Emma, Olivia and Mason are busy preparing their 10-K and the 8-K earning release as per the SEC reporting requirements, aiming…


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Dear CFO, How Secure Is Your Data?

‘With great power comes great responsibility’- Uncle Ben, Spiderman Data isn’t only power, it’s also security. Clearly there is every reason to take data…


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

If there’s one wing of government policies that most organisations love to hate, it is most surely keeping abreast with compliance. And most of these…


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Blowing the Whistle: The SEC Whistle-blower Policy

You know something’s not right at work when numbers don’t add up or the documentation doesn’t reflect what you know to be true. The world of high-stakes…


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Whats the Edgar Filer Manual 18.3 Upgrade all about?

The SEC’s filing platform- EDGAR System collects, validates and forwards submissions by companies to the SEC. In this regard, the SEC has released an EDGAR…


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

Companies in the US are coming under great scrutiny by the SEC for any hint of fraud or malpractice for filings submitted by them. The SEC has tightened its…


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What Is iXBRL and What Benefits Does It Provide?

  The eXtensible Business Reporting Language (XBRL) is being leveraged world-over by regulators and filers for reporting business and financial…


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

Let’s begin with the basics. If you are a mutual fund company in the US, you already know that filing EDGAR HTML documents with the SEC is not sufficient. You…


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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…


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

Since March 2017, the SEC has been up to make the registration statements and periodic reports more informative and insightful for the investors. The…


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

On July 17, 2017 the US Securities and Exchange Commission upgraded the EDGAR systems with the version update which is referred to as Release 17.2. The SEC…


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US GAAP 2018 Taxonomy Is Out For Public Comments

Financial Accounting Standards Board (FASB) has released the draft version of 2018 U.S. Financial Reporting Taxonomy. While the FASB tries to make sure that…


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

While a year ago, SEC permitted voluntary inline XBRL filing, this year in March; it proposed the use of Inline XBRL format for the submission of operating…


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From a Tactical CFO to a Strategic Business Leader

Tactical activities relentlessly consume time and attention. To free up time for the strategic, you need to consciously change the way you work. “So you run…


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

The march of XBRL continues. On March 1, 2017 the U.S. SEC accepted the IFRS taxonomy for XBRL filing and published it on the SEC website as an approved…


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Attention CFOs: Your Data is Your Responsibility

Every CFO spends hours slaving over her financials – right from data gathering to presenting it in the right manner. Now whether this is managed directly by…


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

In 2009, the US SEC mandated that companies submit their financials (10Ks and 10Qs) in XBRL format. Why? Because XBRL as a language is machine readable. Which…


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Is Your XBRL Report Reflecting Your Actual Data?

With companies going global and looking to expand in an ever-changing economic scenario, business reporting has taken on a completely new form. It is no…


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XBRL Filing: Going from Compliance Cost to Strategic Aide

The high perceived cost of preparing XBRL filings to the U.S. Securities and Exchange Commission (SEC) has caused a stir yet again. The Small Company…


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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 these days. And one of the most common…


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Can Your Validated XBRL Report have Incorrect Data?

The SEC’s drive on data quality is going from strength to strength with each day.  With a 64% drop in errors in XBRL filings of Q1 2016 compared to Q1 2015,…


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

By announcing voluntary filing in inline XBRL in June 2016, the SEC has moved a step closer to its commitment to data quality. What is particularly laudable…


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

9 years ago the U.S. Securities and Exchange Commission (SEC) introduced voluntary filing in XBRL. The concept was new back then and filers might have been…


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5 Easy Inline XBRL Tagging Rules to Master Your SEC Filing

The SEC’s announcement on voluntary filing of financial statements in Inline XBRL or iXBRL, has sharply thrown the topic on everyone’s radar.  While the…


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

On June 13, 2016, the US Securities and Exchange Commission (SEC) announced its plans for Inline XBRL (also called iXBRL) filings. The SEC has opened up an…


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Inline XBRL To Raise The Ante On Data Quality

SEC’s Big Move: Why is it adopting inline XBRL by allowing voluntary filing in this format? The Securities and Exchange Commission (SEC) announced on June 13,…


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How Duplicate Facts Can Ruin Your SEC Filing

Imagine you are shopping online and at checkout, you are prompted to fill your delivery address and billing address. If both are the same, wouldn’t you be…


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It’s Raining Cash For s&p 100 Shareholders

Crude is finally showing signs of relief backed by better-than-expected Chinese trade figures. While I covered the ‘crude’ story about distressed US shale…


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

While Honolulu was getting listed as one of the world’s most traffic-ridden cities and the Presidential race was gathering steam, you were possibly holed up…


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Is it Homecoming Yet for Undistributed Foreign Earnings?

  The undistributed foreign income of US companies has recently come into sharp focus with both Republicans and Democrats united in the view that the…


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A 5 Step Guide to Incorporating Proactive Compliance into Your Business

The word compliance is often synonymous with audits, a fallout of the reactive approach to compliance, that we are all familiar with. Starting with a…


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A Tale of Plunging Oil Prices and Swelling Credit Provisions

Oil prices have dropped by more than 40% since October 2015 as demand remained subdued even while supply remained steady. Oil prices, in fact, have been in a…


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Monsanto Fined $80Million for Accounting Violations

Monsanto is in the news for the wrong reasons. The Securities and Exchange Commission (SEC) has imposed a penalty of $80 mn on Monsanto for accounting…


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Top 7 Cloud Computing Myths Debunked

Companies around the world are looking to the cloud to support business-critical applications while improving agility, assuring scalability and reducing cost.…


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The Essential SEC Filing Deadlines Calendar 2016

  Another year of balancing business objectives with regulatory demands is just past us. With the holiday season behind us, we are embarking on another…


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The Ultimate Cheat Sheet on Quality SEC Filing

Spending six years as a Program Manager for SEC filings teaches you a thing or two. Ever since the mandate kicked in, I have been closely associated with XBRL…


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What’s Missing in Your Transactional Reporting?

Transparency in financial reporting is almost always equated with providing more granular data. And while the drive for transparency in financial reporting…


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XBRL in 2015: A Technical View

What an exciting year 2015 has been for XBRL! Regulators became more receptive and entities more responsive. While the European Union made a move towards…


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6 Reasons Why You Should Invest in XBRL

Electronic data is increasingly being shaped by the 4 Vs – Volume, Velocity, Variety and Veracity. Corporates and individuals have never had so much access to…


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

It starts with a simple question. What is the best way of using the governing taxonomy for a company’s compliance reporting in XBRL? And while there are many…


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New to FATCA? Here is What You Need to Know

  The Foreign Account Tax Compliance Act (FATCA) is a US federal law enacted as part of the Hiring Incentives to Restore Employment (HIRE) Act on March…


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Transforming Compliance to Enterprise Risk Management

Early this year, the world’s largest fund company, BlackRock Inc., was penalized by the SEC to the tune of $12 million for failing to disclose a conflict of…


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The Valeant saga: A Case for Prevention over Cure?

Views are flying (and positions forming, no pun intended) fast and furious about Valeant Pharmaceuticals, since the headline grabbing short sell report that…


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SECs Disclosure Effectiveness Initiative: Call for Comments

  Under its Disclosure Effectiveness initiative, the SEC’s Division of Corporation Finance is in the process of reviewing disclosure requirements for…


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Inline XBRL : More To It Than Meets The Eye

US public companies and mutual funds have been filing their quarterly and annual financial reports to the SEC both in HTML and XBRL formats since 2009.…


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iXBRL: A Major Link in Business Reporting Evolution

XBRL was conceptualized to standardize business and financial reporting. The primary objective was to make data machine-readable which was achieved by using…


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Are You Babysitting Your 10-Q and 10-K

With the preparation of form10-Q for quarterly filings to the US SEC round the corner, the disquiet in finance and compliance offices has begun again. The…


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Who Moved My Document?

Have you ever had one of those moments when you walked up to your work desk only to be greeted by a tidy, spic-and-span workspace; all the pencil shavings…


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Creating a Culture of Compliance

With the financial crisis of 2007 in the distant past, we seem to have forgotten the forces that converged to harm both the financial markets and the economy.…


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Using Technology to Future-proof Compliance

Results of a 2014 State of Compliance survey conducted by PwC talk about how Chief Compliance Officers (CCO) are finding it difficult to be “Chief”. With…


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

On June 28 2015, XBRL US announced the formation of XBRL US Center for Data Quality to improve the utility of XBRL financial data filed with the U.S.…


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What Happens When Values In XBRL Are Captured With Wrong Signage

Of late, there have been a number of articles on the quality of XBRL documents. One issue that the reviewers have consistently pointed out is the fact that…


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Awesome Tips To Help You Choose Period Type For XBRL Filing

Using XBRL for Compliance Reporting can be sometimes tricky. Some of the simplest things can often be very hard to work out. This post discuss the use of…


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