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October 12th, 2011 by Rivet Software
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.
Friday, October 14, 3:00pm-3:45pm ET – Register for webinar »
Tags: CoreFiling, Dragon View, Magnify, Rivet University, webinar, XBRL Comparative Report
Posted in Auditing, XBRL | No Comments »
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 »
Tags: AICPA, Assurance, CoreFiling, Dragon View, Magnify
Posted in Auditing, XBRL | No Comments »
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 »
Tags: AICPA’s SOP 09-1 (Agreed Upon Procedures), CoreFiling, Dragon View, limited liability, Magnify, XBRL Auditing Package
Posted in Auditing, Compliance, Transparency | No Comments »
January 4th, 2011 by Rivet Software
Rivet Software just released Dragon View 5.1, an enhanced version of our software that simplifies the review and analysis of documents created in eXtensible Business Reporting Language (XBRL) format. New capabilities for this release of Dragon View include support for XBRL risk/return summaries from mutual fund companies.
This upgrade coincides with the SEC’s new interactive data filing mandate for mutual fund companies, which took effect on January 1, 2011. Dragon View is based on the same Rivet-developed technology used to power the Interactive Data Viewer on the SEC’s website, which allows filers to see what their XBRL documents will look like before they are filed. Read the rest of this entry »
Tags: Dragon View
Posted in Products, XBRL | 1 Comment »
June 19th, 2009 by Emily Huang - VP, Business Technology & Cofounder
Part 3: How Rivet’s Dragon View can help companies fulfill the website posting requirement
I recently received an email forwarded by our VP of Sales. In the email, a valuable partner said, “Our customers have asked how we can help them fulfill their XBRL website posting requirement, including providing a human readable view of the XBRL files if desired. We have customers getting ready to live-file their August 10-Qs in XBRL and they’d like to be proactive and have all their ducks in a row and ready for the website posting requirement that will also kick in with their August filings.”
I know why this email was sent to me, and it put a smile on my face. When developing software, you ALWAYS, ALWAYS think that you are designing the features the customers would need and love, but you can’t always get them right. It’s so good to know that you have designed solutions that solve your customers’ problems.
Read the rest of this entry »
Tags: Compliance, Customer, Dragon View
Posted in Features, Products | No Comments »
June 18th, 2009 by Emily Huang - VP, Business Technology & Cofounder
Part 2: How Rivet’s Dragon View can help companies benchmark against other SEC filers
Out of the 10,000+ reporting elements available from the US GAAP taxonomy, how do you know that your company has picked reporting elements consistently used by other SEC filers? Or reporting elements used by SEC filers that are in the same industry as your company?
If you put on a reviewer’s hat, it might interest you to see how other filing companies have selected which reporting elements to use. Rivet discussed this “benchmark” concept with all the major accounting firms, and they agreed that the benchmark capability would be beneficial to companies and both internal and external reviewers. It would be especially useful if a company could compare their reporting element selections to the companies in their industry.
Read the rest of this entry »
Tags: Compliance, Customer, Dragon View
Posted in Products | No Comments »
June 12th, 2009 by Emily Huang - VP, Business Technology & Cofounder
Part 1: How Rivet’s Dragon View can help companies review their XBRL filings before submission
Dragon View is a friendly XBRL reviewing tool that can be used before submitting to the SEC or other filing agencies. Even though Dragon View has been on the market for a few years now, with the rapid adoption of XBRL in many countries and the recent SEC mandate, we have taken another critical look and redesigned the application so it’s better suited for preparers who need to review XBRL filings for accuracy and presentation quality.
Read the rest of this entry »
Tags: Compliance, Customer, Dragon View
Posted in Products | No Comments »
May 18th, 2009 by Ted Stavropoulos - Director of Business Development
Corporate filers are filing their returns in XBRL with no apparent benefit to them, or worse yet, the SEC or the investment community. So what’s the point?
The point is you have to start somewhere, and that’s where we are. One of the benefits that will be driven by the data is an SEC that is enabled to more efficiently target both analysis and enforcement efforts.
At some point, we will all benefit from the data that is being submitted to the SEC via the wisdom of crowds in evaluating corporate performance. And, XBRL will be the underlying technology that enables the army of analysts to act fast.
Read the rest of this entry »
Tags: Analytics, Customer, Dragon View
Posted in Products | No Comments »
March 23rd, 2009 by Emily Huang - VP, Business Technology & Cofounder
So you want to outsource the XBRL tagging service? You are not alone.
The US SEC announced April 13, 2009 as the effective date for the 500 largest public U.S. companies to begin filing their financial results using XBRL—an XML-defined standard used to analyze, exchange and report information by using tagged data elements. The ruling by the SEC demonstrates the growing global momentum for all companies to adopt XBRL for disclosing financial reports. At Rivet we have consulted with a large number of public companies and helped some of them by providing either tagging software and/or tagging services.
Some of the public companies in the first wave have elected to outsource the entire XBRL tagging service to service providers. From these companies we have heard over and over again that they believe the XBRL tagging process can be complex and intricate: the labels of the element tags must match the labels in the facing financials, various validation rules have been imposed by the SEC, and the taxonomies can often be complicated confusing. It requires someone to make “judgment calls” in the tagging process.
Read the rest of this entry »
Tags: Assurance, Compliance, Customer, Dragon View, Products
Posted in Features, Products | No Comments »
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