Romania continues to fulfill its commitment to sustainable economic development and undertakes the necessary steps to achieve major European macro-economic objectives in the context of the modern, global economy. Sustainable economic development involves a diversity of contributions from all active players within the Romanian society and economy – social partners, business partners, professional associations, academic community and civil society.
During this Webcast, you will discover which types of processes lend themselves best to automation. You will also hear about best practices with implementing applications of technology — including automated workflows, information collaboration tools, interactive document preparation and embedded XBRL tagging — that can improve your organization’s overall productivity.
An interesting post at the Accounting Elf discusses how financial statements should be more like blogs. With the rise of social media and the generally higher expectations of information consumers, this is an important topic. Financial reports are after all just a channel of communication between an organization and its stakeholders and there’s certainly a lot that could be done in this area.
Imagine a world in which 17,000 annual budget settlements were being handled manually each year. The time and cost involved, not to mention the error rates, would be enough to challenge any organization. In fact, you’d expect something like this to have been automated years ago.
Governance, Risk and Compliance (GRC) spending is increasing in the face of more regulation and investor demand, which is why Continuous Control Monitoring (CCM) software is expected to be a top investment in 2010 according to analysts AMR Research. The interest in CCM is another good reason for using XBRL internally within your organization.
Join Clarity Systems on March 16 at the Hyatt Grand Central Hotel for a compelling briefing, complete with a presentation from a large, accelerated filer that has ‘been there and done that’, which will help you understand your options to address all of the SEC XBRL timelines.
XBRL International is seeking feedback on a new document that examines the future business requirements and technical roadmap for eXtensible Business Reporting Language.
On 19 February, the IASC Foundation published for public comment an exposure draft of the IFRS Taxonomy 2010. The proposed taxonomy is consistent with IFRSs and the IFRS for Small and Medium-sized Entities (SMEs).
Many SEC reporting managers may not look to the SEC as an obvious place to seek quick answers to the details of new rules. I would expect an inquiry call to go unreturned, or the answer to be riddled with caveats.
The XBRL International Standards Board at XBRL.org have recently published an interesting document that calls for input on ways to evolve the XBRL specification over the next decade. They identify 3 key goals.
