Browse: Home / financial reporting
By IR Web Report on August 27, 2008
TWO influential US Securities and Exchange Commission (SEC) alumni have raised concerns that broadening the use of eXtensible Business Reporting Language (XBRL) to non-financial information will increase disclosure costs, raise difficult legal liability issues, and create burdens on companies that are “formidable in the extreme.” Former SEC commissioner and Stanford Law School professor Joseph Grundfest, [...]
Posted in Articles | Tagged disclosure, financial reporting, interactive data, Internet, Investor Relations, Joseph Grundfest, XBRL
By IR Web Report on August 2, 2008
THE US Securities and Exchange Commission (SEC) has published its 47-page interpretive release that explains how companies can use their websites and blogs to meet its requirements for public disclosure under Regulation FD. Here’s a Scribd version of the complete release, which can also be downloaded in PDF from the SEC’s website. See my initial [...]
Posted in Articles | Tagged annual reports, blogs, Compensation, corporate governance, disclosure, disclosure documents, earnings, EDGAR, electronic delivery, feedback, feeds, finance, financial information, financial reporting, forums, insider trading, Internet, Investor Relations, investor relations website, IR websites, law, management, market participants, new york stock exchange, newswires, nyse, proxy statement, quarterly reports, rss, SEC, securities, securities act, securities and exchange commission, strategy, technology, usability, XBRL, XML
By IR Web Report on June 25, 2008
THE US Securities and Exchange Commission (SEC) is expected to address within the next three months whether companies can meet their obligations under Regulation FD by posting information on their corporate websites and in RSS feeds, according SEC Chairman Chris Cox. The issue is among three areas that the SEC’s Advisory Committee on Improvements to [...]
Posted in Articles | Tagged blogs, conference calls, corporate websites, disclosure, e-proxy, financial reporting, IR websites, liability, news releases, regulation fd, rss, securities and exchange commission, sun microsystems
By IR Web Report on June 18, 2008
A lack of earnings conference call archives on companies’ investor relations websites has attracted attention from an SEC committee, but it is not suggesting regulatory action. Indeed, a lack of archives might be a useful indicator for investors.
Posted in Articles | Tagged conference calls, disclosure, earnings, earnings calls, financial reporting, Gregor Macdonald, Investor Relations, ir departments, IR websites, John Reucassel, SEC, securities and exchange commission, Tony Zuck, twitter
By IR Web Report on May 17, 2008
THE US Securities and Exchange Commission’s plan to make eXtensible Business Reporting Language (XBRL) mandatory starting next year will have few immediate benefits for companies and investors, the body charged with promoting the technology has said. XBRL US says in a sobering white paper published on Friday that while companies won’t have much difficulty meeting [...]
Posted in Articles | Tagged EDGAR, financial management systems, financial reporting, financial statements, footnotes, management system software providers, mandate, quarterly filings, rule proposal, SEC, securities and exchange commission, us sec, usgaap, XBRL
By IR Web Report on May 15, 2008
THE US Securities and Exchange Commission (SEC) is proposing a rule for all companies to file their annual and quarterly reports in eXtensible Business Reporting Language (XBRL) on a staged basis over the next three years. Under the proposal, the 500 largest companies — including foreign firms that use US GAAP — will begin filing [...]
Posted in Articles | Tagged annual reports, disclosure, EDGAR, EDGAR Online, financial reporting, footnotes, ir magazine, IR websites, James Lopez, Morningstar, news releases, SEC, SEC filings, securities and exchange commission, Standard & Poor's, technology, Thomson Reuters, WebCPA, XBRL
By IR Web Report on April 17, 2008
THE US Securities and Exchange Commission (SEC) will meet on Monday (April 21) to consider making XBRL mandatory, probably starting with large companies next year. It’s not a surprising development by any stretch, but it is a momentous one. The big question is who will be first in line to be required to use XBRL. [...]
Posted in Articles | Tagged financial reporting, Gary Purnhagen, Investor Relations, IR websites, securities and exchange commission, technology, XBRL
By IR Web Report on April 10, 2008
THE North American investor relations associations appear to be putting web-based disclosure on the front burner as the Internet moves to center stage and securities regulators increasingly rely on corporate websites to deliver information to investors. Earlier this week, Jeff Morgan, the new President and CEO of the National Investor Relations Institute (NIRI), called to [...]
Posted in Articles | Tagged CIRI, disclosure, financial reporting, Internet, investor communications, Investor Relations, jeff morgan, national investor relations institute, NIRI, SEC, securities and exchange commission, Sylvia Biggs, usability
By IR Web Report on April 4, 2008
A WEEK ago, I called the US Securities and Exchange Commission’s (SEC) notice-and-access process for delivering annual meeting materials on the web “one gigantic flop from an investor protection perspective.” I think it’s worth beating that drum a little louder in light of the latest statistics from Broadridge Financial Solutions showing a sharp drop in [...]
Posted in Articles | Tagged communications, corporate websites, disclosure, e-proxy, financial reporting, Investor Relations, IR websites, management, NIRI, notice-and-access, online communications, SEC, securities, shareholder relations, technology, usability, XBRL
By IR Web Report on March 31, 2008
IN A move that portends dramatic changes in how disclosures are disseminated online, the US Securities and Exchange Commission (SEC) has added news feeds for every issuer and reporting person who files with the commission’s EDGAR database. The development is potentially bad news for news release distributors such as Business Wire, owned by Berkshire Hathaway, [...]
Posted in Articles | Tagged disclosure, EDGAR, feeds, finance, financial reporting, microsoft, news releases, notice-and-access, rss, SEC, securities, XBRL, yahoo
By IR Web Report on February 19, 2008
THE US Securities and Exchange Commission is hoping to boost private sector development of XBRL tools for investors with the launch of a new graphic-rich interactive data viewer. The Financial Explorer application will be released under an open-source license to enable developers to create tools for investors to read and analyze company financial reports tagged [...]
Posted in Articles | Tagged earnings, feeds, financial reporting, IR websites, microsoft, rss, SEC, securities, XBRL
By IR Web Report on February 13, 2008
A PRIVATE advisory committee of the US Securities and Exchange Commission this week voted to recommend a watered down implementation of mandatory XBRL, prompting one member to warn that the move could “invite a chaotic outcome” and delay the technology well into the “next decade.” In a dissenting statement included in the SEC Advisory Committee [...]
Posted in Articles | Tagged corporate reporting, financial reporting, inline XBRL, Investor Relations, Peter Wallison, SEC, technology, XBRL
By IR Web Report on January 24, 2008
MOVING forward on mandatory XBRL, issuing new guidance for corporate website disclosures, and keeping an eye on the e-proxy process are among the key priorities for the US Securities and Exchange Commission this year. In a speech Wednesday in San Diego, John White, the SEC’s Director of the Division of Corporation Finance, provided an update [...]
Posted in Articles | Tagged blogs, corporate reporting, corporate websites, disclosure, e-proxy, earnings, feeds, finance, financial reporting, rss, SEC, securities, technology, XBRL
By IR Web Report on January 14, 2008
AN advisory committee of the Securities and Exchange Commission (SEC) is recommending XBRL be made mandatory for all companies, but on a staggered basis starting with the 500 largest companies for a one-year period. The committee also asks the SEC to study the costs of implementing the new financial reporting technology, especially fees for independent [...]
Posted in Articles | Tagged EDGAR, financial reporting, SEC, securities, technology, XBRL
By IR Web Report on January 13, 2008
A COMMITTEE created to advise the SEC on improving corporate reporting has urged the agency to update its eight-year-old guidelines for the use of corporate websites for investor disclosure. The Advisory Committee on Improvements to Financial Reporting says there are “continuing concerns about the treatment of website disclosures under the federal securities laws that some [...]
Posted in Articles | Tagged blogs, corporate reporting, corporate websites, disclosure, financial reporting, Investor Relations, law, NIRI, SEC, securities
Recent Comments