Klassieke bestandstypen zijn vanaf januari 2021 niet meer beschikbaar voor gebruik. U kunt uw klassieke bestanden omzetten of een PDF downloaden. Meer informatie

iXBRL Regulatory Risks from a reporting standpoint

Demo aanvragen
  • Bewerkt

I'm trying to ascertain the possible risks involved with tagging our documents and what, if any regulatory penalties can/will be associated with improper tagging (ex: not using the correct concept for a specific number or what ratio of custom tags to standard tags is acceptable). I've had difficulty understanding what, if any penalties exist in tagging iXBRL incorrectly (I use incorrectly liberally here as it seems to be subjective). If anyone has experience with iXBRL comments from regulators please, if you would, discuss your experience so I'm better able to identify possible risks in our process.

Thank you

2

Opmerkingen

4 opmerkingen

Datum Stemmen
  • Kimberly Lanier

    In addition, I would like to see whether any companies include the process/controls around iXBRL tagging as a SOX control.  Since the tagging does not impact the accuracy of the financial statements, I can see why external auditors do not review the tagging. 

    0
  • Lynn Kaminski

    We do not have iXBRL as a SOX control, however, do have this as part of our Company's Disclosure Controls and Procedures.

    0
  • Tamara Hergert

    We have this as a Sox Control and I think that iXBRL filings will be reviewed by the external auditors in the near future.

    0
  • Tom Korzendorfer

    Hi Tamara,

    How do you implement this as a SOX control and do you have any literature you could point me to that discusses the review by external auditors (or is that speculation by you)?

    Thanks

    0

U moet u aanmelden om een opmerking te plaatsen.