Simple & Cheap is Rarely Best

July 29th, 2011 by Charlie Hymer, CPA - Regional Sales Director

Charlie Hymer, CPA – Regional Account Manager, comments on how to create value in a new era of SEC reporting. Cost is often a big factor in decision making when buying software, but choosing a quick and easy package is oftentimes not the right solution.


Remember the excitement as a kid during the summer when you bought that new toy from The Dollar Store, only to find it broke the very next day? It’s a tough lesson that stays relevant as we move through adulthood and make increasingly significant buying decisions. Read the rest of this entry »




The Triple A’s – Auditors, Assurance, and Agreed-Upon Procedures

July 28th, 2011 by Nate Anderson - Product Manager

Nate Anderson, Product Manager at Rivet Software, comments on how filers and audit firms can successfully address the challenges of AUP Assurance.


Daniel Roberts at raas-XBRL blogged recently with an excellent question (by my interpretation): “How and when will you provide XBRL Assurance Services, considering the growing importance of XBRL?” Daniel mentions three key constraints facing filers and audit firms: Resources, Software, and Standards. Read the rest of this entry »




AICPA posts comments on “Exposure Draft – XBRL Principles and Criteria”

July 22nd, 2011 by Phil Mennona, CPA - Senior XBRL Compliance Manager

Back in June 1, 2011 the AICPA released its “Exposure Draft – XBRL Principles and Criteria” and requested comments by July 15th.  The “XBRL Principles and Criteria” document will help form a basis for understanding and measuring many aspects of data quality in XBRL-formatted documents.  Comments on the Exposure Draft (including Rivet’s) have been posted.




Rivet and CoreFiling Partner to Create Financial Transparency

July 12th, 2011 by Raul Varela, CFA - VP, Strategic Initiatives

Raul Varela, Rivet’s VP of Partnerships, comments on the importance of Rivet’s recently announced partnership with CoreFiling.  The end of limited liability and the publishing of the AICPA’s Agreed Upon Procedures Engagements for XBRL Tagged Data deepen the need for a comprehensive XBRL review and validation tool – now available from Rivet-CoreFiling.


We recently announced our partnership with CoreFiling to help companies achieve SEC compliance. Rivet Software is at the forefront of standards-based business reporting and analytics, and Corefiling is an expert in validation and regulatory compliance rules. Essentially our partnership is putting two of the smartest guys in the room together and we’re really excited about what this means for our customers. Read the rest of this entry »




Associative Search

July 4th, 2011 by Stewart McKie - Executive Advisor

We’re having a heat wave here in the UK so as I lay out under my lawn sprinkler (suitably primed with a mixture of spring water and a rather nice chardonnay – me that is, not the lawn sprinkler) I began leafing through one of my favorite journals  - Biological Cybernetics. Yes, I know you all have a prized copy hidden away somewhere – under the bed or in the garden shed – but there, back in the 1981 volume, I came across Associative Search Network: A Reinforcement Learning Associative Memory introduced by the authors as:

In this paper we describe an associative memory structure which is not told by some outside process (e.g., a “teacher”) what pattern it is to associate with each key. Instead, for each key, the network must search for that pattern which maximizes an external payoff or reinforcement signal. As this kind of learning proceeds, each key causes the retrieval of better choices for the pattern to be associated with that key.

and I wondered what relevance this might have to XBRL. Read the rest of this entry »