What are Examples of iXBRL Tags, and How Can I Find Them in my Filings?

By | 08/10/2023 | 9:23 am ET

Interactive eXtensible Business Reporting Language (iXBRL) is a format that has revolutionized financial reporting and analysis. iXBRL tags, integral to this format, are responsible for rendering financial data machine-readable, providing context for values in financial statements and making interactive data a reality. Interactive XBRL has become particularly essential for companies making SEC filings, as these tags aid in regulatory compliance and ensure seamless data interpretation. This article dives deep into…

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What Is an SEC Filing Agent and Do I Need One?

By | 08/08/2023 | 2:24 pm ET

Managing regulatory filings for a public company is a task requiring meticulous attention to detail, understanding of regulatory requirements, and timely execution. It involves keeping track of numerous deadlines, forms, and changes in SEC regulations. This is where an SEC filing agent comes in. SEC filing agents are professionals who specialize in assisting public companies with their SEC requirements and financial reporting to the U.S. Securities and Exchange Commission (SEC). They…

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XBRL – Covered Forms

By | 06/26/2023 | 2:01 pm ET

The world of financial data reporting and analysis is undergoing a revolutionary change, thanks to the arrival of Inline XBRL, or iXBRL. This standardized language for electronic communication of business and financial data is reshaping how companies, governments, and other organizations record, store, and transmit their financial information. Companies listed on stock exchanges throughout the United States need to be familiar with iXBRL and its requirements. What is iXBRL? Inline…

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XBRL Applauds the New Data Standards in the FDTA

By | 01/25/2023 | 3:11 pm ET

In December of 2022, President Biden signed H.R. 7776 into law. Titled the James M. Inhofe National Defense Authorization Act for Fiscal Year 2023, the act includes TITLE LVIII, the Financial Data Transparency Act, usually shortened to FDTA. The FDTA requires member agencies of the U.S. Financial Stability Oversight Council to follow strict data standards. These member agencies include the Federal Deposit Insurance Corporation (FDIC), the Office of the Comptroller…

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iXBRL Filings: What Are They and When Are They Mandatory?

By | 04/30/2022 | 2:57 pm ET

It is important for all companies to make sure they are in compliance with SEC rules and regulations, and this includes iXBRL filings. Companies that are not in compliance with iXBRL filings run the risk of facing fines and sanctions from the SEC. What exactly are iXBRL filings, and when are they required? Take a look at a few important points below, and do not hesitate to reach out to…

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The SEC Increases The Scope Of Inline XBRL Requirements

By | 05/17/2019 | 8:49 pm ET

On March 20, 2019, the Securities and Exchange Commission (SEC) published final rule amendments to the FAST Act, increasing the requirements and scope of the SEC’s new version of Inline XBRL (iXBRL) starting in July of 2019. Although there are many benefits in the amendments including measures for reduced disclosure, the additional iXBRL requirements will demand increased attention from both legal and finance departments, not only when filing routine annual…

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4 Important Facts Concerning iXBRL

By | 06/13/2017 | 7:15 pm ET

After much speculation, the Securities and Exchange Commission (SEC) has released the long-awaited proposal requiring public companies based in the United States to utilize Inline XBRL (iXBRL) when submitting their financial statements and other public documents. So what do you need to know about this proposal? 1. How iXBRL works:  Inline XBRL is an updated version of the XBRL reporting format. This new format embeds HTML tags into different financial…

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