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Technology: New Format set to Revolutionize Financial Data Transfers

By Dick Weisinger

The cost to transfer financial data could drop dramatically later this year should a new data specification be approved by the Securities Exchange Commission (SEC). It’s called the Extensible Business Reporting Language (XBRL) US Generally Accepted Accounting Principles GAAP Taxonomies,

Sarbanes-Oxley: 10 Challenges

By Dick Weisinger

Small public companies can be challenged with coming to terms with the requirements of Sarbanes Oxley. Timer is running out this year as 10-K filings are due to the SEC on March 30th. Lord & Benoit came up with the

Compliance: New Financial Data Format Standard to Further Increase Regulatory Costs

By Dick Weisinger

In October 2005, the US Federal Deposit Insurance Corporation (FDIC) and the Federal Reserve Board launched an XBRL (eXtensible business reporting language) project that mandates banks to submit quarterly reports in XBRL format. 8300 banks are now participating. The SEC

Compliance: SEC Bends to Pressure and Delays Again

By Dick Weisinger

After many cries from small companies, the SEC has decided to delay for one more year the requirement of smaller companies under section 404(b) of Sarbanes-Oxley to have have auditor attestation. Smaller companies now will not need to comply until

SaaS: Picking up the Pace in 2008

By Dick Weisinger

2007 was a great year for SaaS. There’s a stronger foundation of awareness and trust of on-demand delivery technology then there was a year ago today. In 2008 the momentum is expected to continue. An IDC/Goldman Sachs study sees the