Category: XBRL

Seminar gets real about XBRL

RoseRyan, along with Ernst & Young and Morrison & Foerster, is presenting a free breakfast seminar, “XBRL: It’s Time to Get Real,” on May 2 in Palo Alto. We all know that XBRL implementation can be tough—es…

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RoseRyan guru elected to XBRL US committee

Congratulations to Lucy Lee for her recent election to XBRL US’s Domain Steering Committee. The committee’s primary goal is to oversee the development of taxonomies that meet the business reporting needs of key U.S. ma…

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Why is a 3-way match important in XBRL?

While speaking at the 2011 Year-End SEC Conference in Phoenix earlier this month, and this week at the same program here in Silicon Valley, an interesting question came up. Despite filers’ efforts to match their HTML fin…

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Will you be ready when XBRL limited liability expires?

The SEC XBRL mandate provides for a period of limited liability of either two years following a filer’s initial XBRL filing date or October 31, 2014, whichever comes first. During this time, XBRL exhibits are deemed as …

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Sizing up material XBRL errors using a 4-D hypercube

When I was presenting at the Silicon Valley Accountants’ Mastering Financial Reporting’s Last Mile conference, this question was raised: “What constitutes a material error in XBRL if the HTML document can be relied u…

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XBRL AUP = quality assurance = market value (CFOs and audit committees take note)

Should you ask your audit committee to evaluate your XBRL files for completeness, mapping, accuracy and structure under an agreed-upon procedures (AUP) engagement in accordance with the principles and criteria set by the A…

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Less is more: the art of XBRL

It’s been observed that detailed tagging can create up to 10 times more tagging concepts than block tagging. Does it mean 10 times the work? It depends. There’s no doubt that detailed tagging creates more complexity, b…

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Do auditors care about XBRL?

When I talk with finance executives about implementing XBRL, nearly everyone asks, “What will auditors be looking for? Do they care about XBRL?” The answer is no, they don’t. But they do care about your controls, and…

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We’ve got a new practice: XBRL!

Having been in the trenches with XBRL since it came on the scene, we’re pleased to announce the launch of our dedicated XRBL practice. Sure, it’s a business opportunity for us, but we believe we can go above and beyond…

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XBRL words to the wise: get a move on!

My colleague Mary Allen observed in her December post that most companies are experiencing rude awakenings when they realize the incredible number of hours needed for XBRL tagging, and she cautioned against relying on a pr…

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