SEC Extends Qualifications for SRC’s and Scaled Disclosures

By | 07/20/2018 | 7:57 pm ET

The Securities and Exchange Commission (SEC) expanded the number of companies that qualify as a “smaller reporting company” (SRC) and the existing scaled disclosure accommodations for these SRC’s. The SEC estimates that approximately 1000 companies will now qualify for the scaled disclosures. Scaled disclosures enable companies to provide less information, specifically for executive compensation and only submit audited financial statements for two fiscal years, compared to the three fiscal years…

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Detailed Analysis of XBRL Filings

By | 06/01/2014 | 5:08 pm ET

Recently, we performed a side by side comparison and analysis of recently filed XBRL filings by our competitors. As shown in the analysis, there could be many tags that are either unnecessary or incorrect. These types of errors can hurt public companies that are earnestly trying to maintain proper data quality. Moreover, investors, analysts, auditors, and creditors may be skeptical about the quality of the rest of the filing. The oversight of incorrectly placing tags is something…

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