Inline XBRL (iXBRL) is a technical change made by the SEC that combines the machine-readable XBRL instance document and the human-readable EDGAR HTML document into one iXBRL document. The SEC is encouraging 10-Q, 10-K, 6-K, 8-K, 20-F and 40-F filers to use iXBRL as part of the voluntary program. While the SEC has not announced any plans to make iXBRL mandatory, we expect that will happen at some point in the future.
iXBRL provides several benefits to SEC filers including increased data quality and increased transparency of the XBRL data that is already in your documents thanks to the SEC iXBRL viewer.
iXBRL does not change your legal requirements, what you need to tag, or how you tag in Wdesk. Except for the items listed below, you do everything the same with iXBRL, except that Wdesk will generate a combined iXBRL file as part of the filing process and your filing will be viewed using the SEC iXBRL viewer once it is filed and posted to the SEC website.
Your filing will appear on the SEC website just as it does today with the addition of a link to view it in the SEC iXBRL viewer, which displays your filing with the XBRL tags highlighted
You will not file an XBRL instance document, so your inline filing will contain 6 total files (5 of which are XBRL files). Wdesk will take care of this for you as part of the filing experience
Facts that would normally appear in the DEI section should be tagged on the cover page if they appear there (form type, period end date and company name for example)
In the exhibit index, include the following text in the row referencing the interactive data file: "The instance document does not appear in the interactive data file because its XBRL tags are embedded within the inline XBRL document."
You may have some different XBRL validation messages, which can be reviewed just like they are with traditional XBRL
We’re glad you are considering using Wdesk to file Inline XBRL. Wdesk was the first software solution to offer iXBRL filing support for the SEC and has filed more iXBRL filings to the SEC than any other software solution. Please contact your Customer Success Manager for more information.