Financial Reporting


The SEC launched a program that enables registered securities issuers to voluntarily furnish XBRL-formatted data as part of filings they are required to make through the SEC’s electronic data-gathering, analysis and retrieval (EDGAR) system. The commission established the program to help itself and issuers determine the extent to which XBRL can improve the accuracy of information and help streamline its flow through their organizations. Details on the program are available at www.sec.gov/spotlight/xbrl.htm .

SPONSORED REPORT

2019 State of Financial Reporting Survey

We surveyed nearly 600 finance and accounting professionals on their month-end close and reporting processes. See the results.

VIDEO

What RPA is and how it works

Robotic process automation is like an Excel macro that can work on multiple applications, says Danielle Supkis Cheek, CPA. RPA can complete routine, repetitive tasks such as data entry, freeing up employee time from lower-level chores.