Extensible Business Reporting Language (XBRL)

 
The Canadian Securities Administrators has signalled their intention to adopt XBRL for all domestic issuers with timelines to be determined. Since the mid 1990’s financial statements in Canada have been submitted in PDF (Portable Document Format) to SEDAR (System for Electronic Document Analysis and Retrieval) via client server technology. This process forces the user to download this information, print the report and then transcribe the relevant data to another medium to serve the user’s purposes.

XBRL is:
• Interoperable. Crosses platforms, applications and countries.
• Secure. The process is supervised by regulators and standard setters.
• Flexible. Transcends financial data to incorporate non-financial business
metrics.
• Efficient. Leads to process improvements through easier and faster reporting.
• Accurate. Results in precise business analysis, as the data is malleable with
lower risk of transcription errors.
• Effective. Interested parties have access to the data in a timely manner and
consistent format. « Back | Continue »
 

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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