In the US, UK, Singapore, Australia, India, Ireland, Denmark, Germany, Spain and Italy, to name just the most prominent, companies of all sizes are now filing XBRL or iXBRL versions of their financial statements. Tax, securities and banking authorities require structured data in XBRL format. Some companies have outsourced this as a minor compliance problem. Others have purchased various software packages to deal with the work in house. Still others have taken a blended approach and work closely with a service provider or accounting firm, while still carrying out significant amounts of work themselves.
Are you in this situation, or are you trying to work out how best to tackle the XBRL or iXBRL mandate that you face?
Digital Reporting Strategies can help with clear, simple and straightforward advice from experts in the field.
We can help with:
- Independent assessments of the effectiveness, cost and accuracy of your XBRL reporting processes.
- Independent overview of the options and alternatives that would give you better outcomes.
- Independent assistance with vendor assessment and selection
- Coaching and training for staff to help them understand how to maximise their productivity and effectiveness in this field.
Don’t hesitate to get in touch with questions or queries. Contact us for more information.