As the leader in financial reporting for hundreds of large-cap and micro-cap companies, M2 Compliance - an active member of the XBRL Consortium will handle all your XBRL requirements in a comprehensive way, from tagging existing data to filing in your behalf with the Securities and Exchange Commission (SEC).
Your company won't have to worry about costs for analysis tools and tagging software, fees to hire and train new staff or substantial charges for XBRL because at M2 Compliance we work for you and with you, eliminating the hundreds of man-hours associated with XBRL tagging.
At M2 Compliance we continue to redefine the value of quality in XBRL. The strategic combination of our experienced staff and advanced software technologies enables our team to provide you with a superior level of service and significant cost-reductions, in addition to delivering the fastest turnaround time for XBRL in the industry.
Advantages of our XBRL Tagging solution include:
- Faster stock liquidity as a result of greater transparency in financial information
- Automated reporting of financial statements and corporate reports available online to provide analysts and investors with easy access to financials and relevant data
- Faster and more efficient delivery of information for CPAs, auditors and firms that create financial reports for internal use
- Incorporation of company data into one universal system adopted by the U.S. Securities and Exchange Commission and the U.S. GAAP
- Increased accuracy of information in financial statements resulting in a more efficient delivery of data to investors and analysts
We guarantee to save you at least 35% in XBRL Tagging and EDGAR solutions while furnishing your filings with the most qualified CPA review and highest standards of quality.
Talk to the experts at M2 Compliance today. We can answer any questions you may have, tag your existing financial statements with specific XML taxonomies and convert your financial reports into XBRL compliant filings in order to meet the required standards from the Securities and Exchange Commission and the U.S. GAAP.
Background on XBRL (eXtensible Business Reporting Language)
XBRL stands for eXtensible Business Reporting Language and has changed the way that public companies provide financial information to the capital markets in order to increase the transparency and accessibility of corporate data. The idea behind XBRL is simple: instead of treating business information as a block of text, such as a printed paper document or a standard Internet web-page, it provides a unique, electronic readable tag for each disclosure item within business reports.
XBRL is a tool that benefits users of financial statements by increasing the functionality of data over traditional paper, Hyper Text Markup Language (HTML) and other financial reporting formats. Since computers have no built-in knowledge of EDGAR and XBRL and therefore are not able to understand these formats, XBRL is actively used by reporting entities and individuals to "tag" exhibits in financial statements, making that information machine-readable and available to investors, analysts and the financial community.
M2 Compliance has the experience and solutions you need to file your financial statements in XBRL formatted files, compliant with the latest SEC rules and regulations. Our team of XBRL experts can provide all new and existing filers with the knowledge and support to complete these complex filings.
The Father of XBRL
In 1998, Charles Hoffman, a CPA who worked for a small CPA firm in Washington State, had the brilliant idea of XBRL as a way of transforming business reporting. After several discussions with the AICPA, Charlie initiated the development of XBRL based on XML language with the goal to standardize business reports in accordance with the principles of accounting in every country around the world. This movement led to the foundation of XBRL International, a global non-profit consortium incorporated of approximately 250 major companies, organizations and government agencies around the world. As a result of its success, XBRL International oversees the development and efficiency of XBRL, which is already being practiced in numerous countries.