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Will you be responsible for your company's first SEC EDGAR XBRL filing?

XBRLit can assist your company in acquiring knowledge and developing processes required to assemble and file XBRL data with SEC EDGAR. We can help you understand XBRL interactive data and the upcoming XBRL requirements, and what's involved in preparing and filing with the SEC EDGAR system.

Investment decisions may be made as a result of financial comparisons of your company to its competitors. These analyses will be made by computers using your XBRL submissions. The SEC may also use XBRL data to identify irregularities and areas for further scrutiny. A company may retain control by developing an understanding of XBRL interactive data and ensuring the content of its filing submissions are accurate.


 		  

SEC Announces XBRL Mandate
December 18, 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.

XBRLit Launched
September 3, 2008
TNT Filings Inc. and Automated Filing Services Inc. form XBRLit to assist public companies with the generation of XBRL data for SEC EDGAR Filing.

SEC Announces EDGAR Database's Successor
August 19, 2008
Securities and Exchange Commission Chairman Christopher Cox today unveiled the successor to the agency’s 1980s-era EDGAR database, which will give investors far faster and easier access to key financial information about public companies and mutual funds.