Several major milestones were achieved in the SEC’s XBRL mandate in 2011 each milestone having significant effects on all three tiers of XBRL filers. Tier I filers, who have been submitting XBRL since 2009, will lose their limited liability protection for XBRL submissions after June 15, 2011. Tier II filers that have been filing since 2010 will now have to submit Level IV detailed tagged XBRL filings including accounting policies, amounts, and tables within each footnote separately. Tier III filers are now required to file XBRL to the SEC.
Join us for a timely update on the SEC's XBRL mandate how the mandate milestones in 2011 and 2012 will affect your organization's processes and timelines for preparing accurate and timely XBRL in addition to quarterly and annual reports. Learn the extended benefits and value of integrated XBRL solutions that go beyond XBRL tagging and automate existing manual and error-prone financial reporting processes and enhance controls over the 'last mile' of reporting. Then, see a live product demonstration on Cognos FSR, the market leading financial reporting and disclosure management solution and its unique integrated XBRL tagging and validation capabilities that will streamline and simplify the reporting and XBRL tagging process. |