XBRL news from FierceComplianceIT
News
Speed bumps for early XBRL adopters
The road to early adoption of XBRL has not been easy for everyone. There have been snafus, such as the Financial Accounting Standards Board's new codification of accounting standards, which is set to... Read more...
XBRL mandate to expand already?
XBRL--that is, eXtensible Business Reporting Language--still isn't in wide-spread use, though it's definitely coming, and rather quickly for big, publicly traded companies. But a recent proposal in... Read more...
Shapiro undoing Cox pet initiatives?
We've noted that SEC Chairman Linda Shapiro was a bit coy early on regarding a few big issues, such as the projected rollout of IFRS in the United States. She offering a few more clues as of late.... Read more...
What's on the minds of internal auditors?
Protiviti has released its annual survey of internal audit capabilities and needs. These sorts of surveys tend to be marketing exercises as much as anything--you've got to do them--but Protiviti's... Read more...
XBRL guide for small companies
Large accelerated filers are likely well on their way down the XBRL learning path; some have been experimenting for quite some time. But smaller companies perhaps have farther to go. Of course, they... Read more...
Here come the XBRL products
The SEC's mandate that the 500 largest public companies start to file financials in XBRL will likely have companies scrambling. Vendors already seem to be adjusting their marketing. SAP launched its... Read more...
XBRL questions dog internal auditors
Are you still confused about XBRL? Welcome to the club. According to a survey of more than 200 chief audit executives, conducted by the Institute of Internal Auditors, more than half are not yet... Read more...
Could a better filing system have prevented the collapse?
SEC Chairman Chris Cox is stumping for something called the 21st Century Disclosure Initiative, which is intended to remedy "insufficient transparency"--something he believes "is at the heart of... Read more...
Critics of XBRL hoping for a delay
Has the fact that small companies won a series of reprieves from compliance with 404(b) of Sarbanes-Oxley emboldened big companies facing an aggressive XBRL adoption mandate? Maybe. Big companies... Read more...
SEC promotes web as financial info release medium
The SEC has taken a keen interest in promoting new technologies as a way to distribute corporate financial information. The looming mandate for XBRL is an example. Similarly, the SEC just released... Read more...
