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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,…
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…
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…
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…
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…