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Many U.S. companies now have XBRL as a financial reporting focus resulting from SEC rules on interactive data and the future potential XBRL can have within a company.
We understand the practical issues in addressing XBRL from both a U.S. and global perspective. Our experienced professionals work with clients to help them prepare for XBRL and implement the rules. Our approach focuses on the practical implications that XBRL may raise for clients financial reporting process.
Assessing and implementing XBRL is a new project for most companies, we can assist clients in:
- Explaining to management the applicable XBRL statutory or other reporting requirements
- Analyzing and commenting on the client’s integration of XBRL into the current reporting processes
- Providing sample planning roadmaps outlining typical XBRL reporting processes
- Providing advice and observations, or assisting with the identification of matters that the client should consider as they undertake to develop their roadmap for XBRL reporting
- Providing advice to management as they implement, or engage a third party to implement XBRL reporting
