Three New Year’s Resolutions for Public Company Filers
In a recently published XBRLS US article, Mike Starr discussed specific steps SEC filers can take to get involved in industry efforts to improve the usability of XBRL data submitted to the SEC. He highlighted three small time investments that will put filers on the forefront of imminent, groundbreaking regulatory changes, while reducing their workload and significantly improving the quality of XBRL financial data.Be prepared for regulatory changes and submit your filing using the Inline XBRL standard.
Improve the quality of your filings by taking advantage of free XBRL Data Quality Committee (DQC) rules and guidance.
Take an active role in improving the quality of XBRL data – weigh in on the DQC rules in proposal stage.
To read more about each step, read the full article here
For the latest information and news, visit The Workiva News Room.