Disclosure Management
Thursday, November 29, 2012 at 10:08AM
Charlie in Creating Investor Friendly SEC XBRL Filings

In the article Disclosure management: Streamlining the Last Mile, Mike Willis of PriceWaterhouseCoopers makes the statement that leading implementations of disclosure management applications are seeing 30% enhancements in report assembly and review efforts.  How?

By empowering reporting professionals to more efficiently and effectively assemble and review relevant information. This allows them to spend more time analyzing, communicating about performance and assessing risk than assembling and reviewing reports.

The article also makes a case for reporting templates and points out the benefits of standardization where standardization can be effectively applied.

Bottom line is that this article is a must read if you want to understand the future of external and even internal financial reporting.

Article originally appeared on Intelligent XBRL-based structured digital financial reporting using US GAAP and IFRS (http://xbrl.squarespace.com/).
See website for complete article licensing information.