Answer:
A) What CEO is soon to leave
B) What companies are raising money privately
C) What pension funds are changing
D) What new brands are coming to market
Check your answer.
It’s filing season and quarterly reports are flowing into the SEC in the newly mandated XBRL format, which is computer readable. How is it going? No major complaints, though a couple of issues have understandably surfaced for companies filing for the first time in this format. One has to do with how the XBRL computer code gets aesthetically rendered into human-readable web pages. Read the rest of this entry »
“All of us saw an opportunity to do good for the world,” said Eric Cohen, of a small group of idealists during the height of Enron’s collapse and WorldCom scandal. The 10-year history of the development of XBRL as a way to improve the accuracy, transparency, and sharing of business information is newly encapsulated in a publication by the AIPCA. “It’s my personal belief that this attempt to give a gift to the world is the reason XBRL is today the global standard for business reporting,” says Cohen. Read the rest of this entry »
Special thanks to Seeking Alpha blogger Miles Jennings for his analysis of the growing potential of EDGAR Online in the expanding XBRL space. Thanks for visiting.
Read the SEC proposal that shareholders of TARP recipients get to vote separately on executive compensation and give us your opinion on the “Say for Pay” amendment. Read the rest of this entry »
Chief executives:
1. Stephen Luczo
2. Ronald Logue
3. Micheal Williams
4. Rupert Murdoch
5. John Cumming
Losses, in billions:
A) 2.3
B) 2.7
C) 3.1
D) 6.4
E) 14.7
Here is the answer to the quiz, followed by a list of the ten companies with 2nd Quarter 2009 losses exceeding 2 billion. Read the rest of this entry »
For a straight-talking, sad, and sometimes laugh-out-loud explanation of how America has evolved from a rugged independent nation to a soft Bailout Nation – where financial firms are allowed to self-regulate in good times, but are bailed out by taxpayers in bad times, we recommend Barry Ritholtz’s new book. Read the rest of this entry »
The internal auditor’s role in XBRL is explained in a new whitepaper from The Institute of Internal Auditors Research Foundation (IIARF), published in response to a survey indicating that internal auditors need more information on their potential role in their organization’s transition to filing financial statements in Extensible Business Reporting Language (XBRL). Read the rest of this entry »
Philip Moyer, CEO of Edgar Online, appears on Fox News. With a copy of a 437-page “toxic asset” and over a 1000-page Citibank report, Moyer explains why financial investors have been outgunned by the banks.
Credit rating agencies are a “broken safety net” according to two young engineers who have created a public site where the collective intelligence of an online community can be harnessed to create more accurate ratings and where nothing is hidden. Read the rest of this entry »
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