Live from TEC: You asked for it. We delivered.
Across all companies, no matter the industry, over and over again we are asked the question, “How do I prepare my CFO and audit committee for their roles in the XBRL process?”
Planning and preparing are the secrets to success in financial reporting. Be proactive. Getting over a few hurdles in the beginning will create a smooth, stress-free finish.
You've come to the right place for the answers to questions like this one. WebFilings first user conference, The Exchange Community (TEC) is officially underway in Chicago. During the conference, we are answering your questions, discussing features, explaining new reporting rules and regulations, networking, listening to your feedback, and much more.
Get advice from the experts. In one of the TEC breakout sessions, WebFilings co-founder and managing director, Joe Howell and special customer panelists, Troy Calkins of Drinker Biddle and Chris Pettit of Dr Pepper Snapple Group, share with you what helped them prepare their teams for the XBRL process.
Here are the top three takeaways from today's beneficial breakout session:
- Anticipate questions your CFO and audit committee will ask about your company's XBRL process and filings
- Be sure your XBRL is consistent with your peer groups
- Motivate your CFO and audit committee with the DATA act and expiration of 406T- NACD
The countdown to TEC 2013 is already underway. Next year's location will be unveiled soon.