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Can I file XBRL interactive data on my own?
It’s possible, but will require a solid understanding of the EDGARLink submission software or third party filing software with a built-in XBRL filing component. In addition, the XBRL interactive data files attached as exhibits to the submission may contain validation errors that will require a good knowledge of XBRL to repair.
Will I need to post my company's XBRL interactive data on our company website?
Yes, according to pages 74 - 79 of the final rule, each filer covered by the new rules is required to provide the same interactive data that it will be required to provide to the Commission on its corporate Web site, if it has one, on the earlier of the calendar day it filed or was required to file the related registration statement or report, as applicable. The interactive data should be accessible through the issuer’s Web site address the issuer normally uses to disseminate information to investors. The interactive data will be required to be posted for at least 12 months, which is consistent with issuers’ full one year reporting cycle.
Where will XBRL interactive data submitted to the EDGAR system appear?
EDGAR Filings containing XBRL interactive data will appear in the issuer’s document list under their respective CIK on the SEC EDGAR web site. The XBRL portion of the filing will be located in exhibits in text format. Filings with an XBRL component will be marked with an "Interactive Data" button on the filer's SEC web site document list. To view a human-readable form of the XBRL interactive data viewers will need to load the Interactive Financial Report Viewer or the Financial Explorer. XBRL interactive data submitted to EDGAR may also be downloaded by analytical programs and posted on other, non-SEC web sites.
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| Automated Filing Services Inc. and TNT Filings Inc. Merge Posted: February 17th, 2010 On January 1st, 2010, Automated Filing Services Inc. and TNT Filings Inc. merged to form Newsfile Corp. Read the press release for more details. | |
| XBRL Final Rule Posted: January 30th, 2009 The SEC has announced its final XBRL rule. For public companies, interactive data financial reporting will occur on a phased-in schedule beginning in 2009. The largest companies who file using U.S. GAAP with a public float above $5 billion will be required to provide interactive data reports starting with their first quarterly report for fiscal periods ending on or after June 15, 2009. | |
| SEC Announces XBRL Mandate Posted: December 18th, 2008 The Securities and Exchange Commission has voted to require public companies and mutual funds to use interactive data for financial information. The largest companies who file using U.S. GAAP with a public float above $5 billion will be required to provide interactive data reports starting with their first quarterly report for fiscal periods ending on or after June 15, 2009. remaining companies who file using U.S. GAAP will be required to file with interactive data on a phased-in schedule over the next two years. Companies reporting in IFRS issued by the International Accounting Standards Board will be required to provide their interactive data reports starting with fiscal years ending on or after June 15, 2011. | |
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