Introduction

The Securities and Exchange Commission (SEC) is an independent government agency responsible for regulating the securities industry in the United States. In this capacity, it pursues a three-part mission: to protect investors, to maintain the fairness and safety of securities markets, and to facilitate capital formation. As mandated by the Commission, all public companies are required to file financials and other reports in XBRL format: companies with worldwide public float greater than $5 billion to comply starting with the period ending June 2009; all other large accelerated filers to comply starting with the period ending June 2010; all other public companies comply with the period ending June 2011.

In June 2016, the SEC announced that U.S listed companies can voluntarily file their Quarterly and Annual Reports in Inline XBRL (iXBRL). In June 2018, it was announced that companies would have to officially adopt the iXBRL reporting standard in a phase wise manner. U.S. GAAP filers have a three-year phase-in to comply with the Inline XBRL requirements as follows, beginning with fiscal periods ending on or after: June 15, 2019 for large accelerated filers, June 15, 2020 for accelerated filers and June 15, 2021 for all other filers. IFRS filers will be required to comply with Inline XBRL beginning with fiscal periods ending on or after June 15, 2021.

For better understanding, please refer the below mentioned various aspects related to XBRL Filing:

Why XBRL is required?

XBRL offers many benefits viz. Improved reporting, Automated data collection, Reliability & accuracy, Cost effective, Time saving, Better decision making…

Who need to file in XBRL?

As mandated by the SEC, all public companies are required to file financials in XBRL format and need to adopt iXBRL in a phase wise manner...

What is required to be filed?

Full set of financial statements and other documents are required to be filed in XBRL or iXBRL format with the Edgar…

When you need to file?

All the Companies required to file their financial statements must file the financials after the end of its financial year…

How to prepare and/or file?

The process for creation and filing of Financial Statements in XBRL or iXBRL mode is as under…

What if there is delay or non-filing?

In case the Company makes delay in filing or fails to file the financial statements, late fees and penalty is applicable…

How we can serve?

XBRL Experts offers full service for all of your XBRL or iXBRL filing needs. We provide compliance with most current filing requirements…

What is our process?

It is a simple 4 step process to convert your financial statements to XBRL or iXBRL format for filing with Edgar…

Why XBRL Experts?

Experienced Team

We hire only seasoned, professionals with relevant experience. Our team members are periodically trained on various aspects related to XBRL, Accounting and Secretarial matters. Each reviewer of XBRL report is having professional degree and experienced in preparing minimum 200 XBRL reports.

Accuracy of Reports

Our service process has in-built preparer-checker mechanism and random audits to ensure that the final XBRL reports are accurate and meets the requirements of the Statute and customer’s expectations. Our processes are certified for ISO Quality Standards.

Customer Satisfaction

Our vision is to ensure our customers are satisfied with our services and will not be reluctant to use our services again or refer us to their network. Further to be noted that client needs to pay us only after completion of service.

Data Security

We strictly adhere to regulations related to secure handling of client data. All data are hosted in a secure server. We audit our process periodically for data security and are certified with ISO.

Quick Turnaround

Sometimes customers need the XBRL report within a very short time or sometimes it could be few weeks. Our service delivery model is flexible enough to meet these requirements in a Cost effective manner.

Cost Effective

Our main focus is to provide Cost Effective services without downgrading tagging quality. Further there are no hidden charges – charges are not dependent on file size.

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