LOS ANGELES, April 19, 2012 (GLOBE NEWSWIRE) -- SEC Compliance, Inc., a market leader and innovator of outsourced regulatory compliance services for the Securities & Exchange Commission, today announced a dedicated solution for regulatory reporting and to meet the demands of XBRL. There is an enormous difference in the turnaround time you can expect from different service providers. SEC Compliance is the most efficient and fastest XBRL provider in the industry! Our staff is available for a full range of training and services to assist in-house teams in creating and managing compliant XBRL filings; while also helping you develop internal knowledge and skill sets.
The Securities and Exchange Commission adopted rules requiring companies file their financial statement information in a format that is designed to improve the usefulness of the information to investors. All Companies will be subject to detail tagging for periods ending after June 15, 2012. This is usually a lot more work, perhaps 2 or 3 times the work of block tagging. In detail tagging, every piece of information in each footnote gets its own tag. Generally, this means each number, per share amount, share amount, or percentage in your footnotes gets its own tag.
TIP: Tag a previously filed 10-Q well in advance of the June 15 deadline.
TIP: Create tables for all data, rather than simply including it in the body of a paragraph.
TIP: Clean up your footnotes. Eliminate redundant or unnecessary sections.
TIP: Start on the mapping of your equity line items now. Don't wait until filing time.
SEC Compliance services: Edgar services, XBRL consultant, XBRL service, SEC compliance services, Edgar filing agent, Edgarization services
Kind regards,
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David McGuire
Director
SEC Compliance, Inc.
8033 Sunset Blvd., 620
Los Angeles, CA 90046
O: (310) 402-2681
F: (310) 693-8083
M: (310) 993 9255
Email: dmcguire@compliance-sec.com
www.compliance-sec.com
http://www.linkedin.com/in/1dmcguire
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Matters discussed in this press release may constitute forward-looking statements. The Private Securities Litigation Reform Act of 1995 provides safe harbor protections for forward-looking statements in order to encourage companies to provide prospective information about their business. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements, which are other than statements of historical facts. The words "believe," "anticipate," "intend," "scheduled," "estimate," "forecast," "project," "plan," "potential," "will," "may," "should," "expect," "pending" and similar expressions identify forward-looking statements. The forward-looking statements in this press release are based upon various assumptions, many of which are based, in turn, upon further assumptions, including without limitation, our management's examination of historical operating trends, data contained in our records and other data available from third parties. Although we believe that these assumptions were reasonable when made, because these assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond our control, we cannot assure you that we will achieve or accomplish these expectations, beliefs or projections. We undertake no obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise.
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