Category: Investor Relations Written by PR Register Webmaster Hits: 1082
The rules for filing financial disclosures are ever-changing. From the adoption of interactive data formats to the launch of new electronic data gathering methods, the U.S. Securities & Exchange Commission (SEC) continues to adapt to the Digital Age. These changes bring new challenges for public companies and the IROs and CFOs responsible for regulatory compliance.
Preparing public companies for new SEC rules
Vintage Filings, a division of PR Register, is committed to keeping your public company informed of SEC rule changes, helping you navigate the new world of compliance, and adopting new technologies to streamline compliance. The SEC's rule changes on interactive data include:
Public companies are required to submit financial disclosures formatted in tagged EXtensible Business Reporting Language (XBRL) to IDEA (Interactive Data Electronic Applications), the SEC's next-generation EDGAR database, beginning mid-2009
Large accelerated filers using U.S. GAAP are subject to interactive data reporting in 2010 with all remaining operating companies following in 2011
Mutual funds are required to file the Risk/Return portions of prospectuses in XBRL in 2011
Vintage Filings can help your company prepare now, before the mandatory date, to ensure your first and subsequent live XBRL filings go smoothly. We partner with your internal financial executive to set up your tagging and review your taxomony to make sure it meets your reporting needs.
Streamline XBRL tagging for faster filings
XBRL streamlines communications with investors and regulatory filings. But in order to comply with the new global standard your documents need XML-tagging. Vintage Filings prepares your financial documents for reporting and sharing with the financial markets.
Leverage an XML-based tagging structure that creates an "intelligent" bundled description to make it easier for analysts and investors to use
Establish more efficient, effective dialogue with the markets
Alleviate the need for paper-based reports to avoid time-consuming and costly collation and information re-entry
Strict filing procedures ensure accurate regulatory compliance
XML-tagging eliminates manual data entry errors and saves time filing your final report. Vintage Filings implements a series of defined financial terms that helps your audiences access the most accurate information.
Increase accuracy with up-to-date and complete information providing access to investors, analysts, financial institutions and regulators
Handle data in different languages and accounting standards
Enable analysts to pull in reports through an Excel plug-in to expedite their analysis of as-reported data from multiple companies
Raise visibility among investors through cost-effective tagging
XML-tagging raises your visibility with investors because your financial disclosures are easier to search, extract and download from XBRL-enabled SEC filings. Vintage Filings offers cost-effective XBRL tagging that reduces research expenses for investment analysts.
Improve access to new sources of capital by offering more complete information to the investment community
Boost awareness of your company in the financial marketplace with more user-friendly financial documents
Reduce the cost of capital by remaining on the coverage list of investment analysts that are excluding hard-to-follow companies
Contact PR Register to learn more about our XBRL services.