Mike Willis (PwC) joins Raul Varela and Phil Mennona (Rivet Software) to discuss:
Most common XBRL errors and their causes
How to avoid XBRL errors, ensure accuracy, and validate your filings prior to submission
How to implement Agreed Upon Procedures for XBRL, published by the AICPA, internally and in conjunction with your auditing firm
Steps to take in the future to avoid manual review processes
Name: Avoiding Common Errors in XBRL with Special Guest Mike Willis, PwC Date: October 6, 2011 1:00 PM ET Additional Info: Panelists – Raul Varela, CFA (Rivet Software); Mike Willis, CPA (PwC); Phil Mennona, CPA (Rivet Software) View webinar transcript »
January 9th, 2012 by Stewart McKie - Executive Advisor
2011 was another exciting year for XBRL. I am indebted to various XBRL ’round-ups’ from the IFRS, XBRL International and others for the data in my take on the year. Read the rest of this entry »
December 31st, 2011 by Stewart McKie - Executive Advisor
In my roundup of the XBRL news of 2011 (coming soon), I mention the Integrated Reporting (IR) movement, which has been discussed in this blog over the years. The IR’s discussion document Towards Integrated Reporting: Communicating Value in the 21st Centuryis well worth a read and also some thought in response to the questions it helpfully poses within the text. But what interests me more is their new logo <IR>, which looks to me like an XBRL tag – something that we should not regard as a coincidence.
Cardtronics shares their experience with selecting, implementing, and utilizing Rivet Software’s Crossfire Controller. Hear all that they have to say, including the challenges that they faced during the process, what it’s like to work with Rivet, and how the Crossfire Controller software is living up to their expectations.
December 15th, 2011 by Phil Mennona, CPA - Senior XBRL Compliance Manager
Phil Mennona, CPA comments on Staff Observations from the Review of Interactive Data Financial Statements, published December 13, 2011.
Filers should take a moment to review the new SEC Staff Observations. Most of these observations reemphasize areas discussed in previous Staff Observations, including Rendering, Negative Values, Extended Elements, and Completeness of Tagging. It should be noted that since the SEC has included many of these same items in previous Staff Observations, it is likely indicative that the SEC is still continuing to see these issues in XBRL filings. Accordingly, filers should review these Staff Observations to help them avoid common issues cited by the SEC. Read the rest of this entry »
When Cardtronics set out to find an XBRL financial reporting solution, their goals were clear, they needed to find a solution that would allow them to:
Create accurate reports with little to no manual intervention
Update data throughout all documents automatically
Create one source for all external financial reporting needs and
Have confidence that the Cardtronics team would be empowered with the training needed to ensure a successful filing.
After evaluating a number of solutions, Cardtronics chose Rivet’s Crossfire Controller. The results include a successful first XBRL filing submitted on the same day as their press release and 10-Q, just one month after implementing Crossfire Controller. Learn firsthand about Cardtronics’ experience:
Implementing a self-service XBRL preparation model
Training their internal team on how to use Crossfire Controller, XBRL tagging, and best practices
Integrating Crossfire Controller into their existing systems and processes
This webinar will consist of a 20 minute presentation followed by 10 minutes of live Q&A.
Presented by:
Special Guest Mitzie Pierce
Director of External Reporting, Cardtronics
Christy Rohrs, CPA
Director of Education Services, Rivet Software
Rivet’s Crossfire Controller software integrates and streamlines the external financial reporting process to eliminate manual tasks while delivering a superior level of quality control. This solution creates efficiencies that dramatically improve the workflow of financial reporting cycles.
Join us for a 45-minute product demo and get a taste of how Crossfire Controller empowers companies to:
Accelerate the financial close process and reporting cycles
Minimize manual collection of data from disjointed sources
Put an end to maintaining multiple data sources and rekeying data at every step
Take control of the review process with advanced multi-user collaboration, change tracking, and version control
Bring XBRL in-house with confidence, when the time is right
…all without giving up the comfort of working within the Microsoft Office environment.
These webinars will consist of a 30 minute product overview including live, interactive product demonstration, followed 15 minutes of open Q&A.
November 15th, 2011 by Jordan Woodard - XBRL Compliance Manager
Jordan Woodard comments on the success of XBRL23 (the 23rd XBRL International Conference), the status of current XBRL initiatives from around the world, and the future of XBRL & data standardization.
The 23rd XBRL International (XII) Conference was held a few weeks back in beautiful Montreal, Canada and the talk of the town was the new and existing XBRL global initiatives. This was my first XII Conference and I was joined by familiar faces from the SEC, FASB, the Big 4, and a number of new faces from around the Globe. I came to Montreal with inquiries of the world wide use of XBRL and left impressed by volume and variety of XBRL projects. I had a sense of pride at the number of initiatives Rivet is contributing to. Read the rest of this entry »
With limited liability provisions already expired for large accelerated filers, and the remainder of public companies soon to join, the need for a user friendly review and validation process has become increasingly apparent.
That’s why Rivet Software and CoreFiling are proud to announce a software solution that allows public companies and auditing firms to comprehensively review and validate XBRL-tagged financial information prior to filing submission. Rivet’s XBRL Auditing package gives companies a real confidence in the accuracy and timeliness of their XBRL filings.
Join us to learn how to ensure XBRL files are fully compliant, prior to SEC submission, with software readily available today.
Rivet’s XBRL Auditing Package includes:
Rivet’s Dragon View software
CoreFiling’s Magnify software
Set of Rivet’s XBRL Comparative Reports
24/7 access to Rivet University
This Webinar will consist of 30 minute presentation and software demonstration followed by 15 minutes of live Q&A.
September 19th, 2011 by Charlie Hymer, CPA - Regional Sales Director
Charlie Hymer, CPA – Regional Sales Director, reminisces about the old days of financial reporting and how XBRL will forever change its future.
The financial reporting industry has changed drastically over the last 20 years. Not to date myself, but oh well, here goes. I remember when I first started out at Arthur Andersen we didn’t have computers. We used columnar paper and had to continually tape more paper on the end of the spreadsheets to add more columns if the paper wasn’t long enough. To make a change was completely manual—erasing, re-adding, and hoping that everything flowed through properly. In 1989 we got computers to go out in the field. They looked like huge suitcases and we newbies always had to carry them because they were so heavy. We used Lotus 123 and thought that it couldn’t get any better than that. Then a little company called Microsoft gave us Excel and Word. Read the rest of this entry »
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