Extensible Business Reporting Language (XBRL)

 
Extensible Business Reporting Language (XBRL) is an open source global standard for electronic reporting. XBRL presents information in a granular format, thereby liberating data from the form it is presented in and making it easily accessible by different software packages and applications. XBRL greatly increases the speed of transmitting financial data, reduces the chance of error and permits automatic verification of information.

The United States Securities and Exchange Commission (SEC) is in the process adopting XBRL for periodic reports including the tagging of financial statements, notes to the financial statements, financial statement schedules and company identifier information. Effective June 15th 2011 Foreign Private Issuers will be required to submit to the SEC International Financial Reporting Standards (IFRS) financial statements in XBRL format based on the IFRS Taxonomy 2010 as issued by the International Accounting Standards Board. 
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Compliance

We have been implementing the Investor Confidence Rules (alternatively known as National Instrument 52-109) for Canadian public companies since 2005.

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Project Management

Outsourcing Information Technology audits and Enterprise Risk Management programs for public and private enterprises are the two most common demands for our project management services.

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Accounting Standards

We have the expertise and experience to converge Generally Accepted Accounting Principles to either International Financial Reporting Standards or Private Enterprise GAAP for Canadian enterprises.

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Extensible Business Reporting Language (XBRL)

Replacing SEDAR (System for Electronic Document Analysis and Retrieval) with XBRL for Canadian public companies is underway on a voluntary basis.

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