Accounting and Corporate Regulatory Authority, Singapore
COMPLIANCE & ANALYTICS SOLUTIONS FOR BUSINESS REGISTRIES
With XBRL, business registers can step up to a next generation of regulatory reporting which is also more friendly for reporting companies. IRIS’ offers end to end solutions to help a business register at any point in its XBRL journey - from an initial voluntary XBRL filing to a more matured straight-through XBRL data reporting from within company systems.
BENEFITS TO THE BUSINESS REGISTER
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ROBUST FRAMEWORK
IRIS offers a ready framework that allows any organisation to create an XBRL reporting platform either from scratch or modifying an existing one. The framework is robust - it can work in different countries and jurisdictions.
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STANDARD DATA DEFINITION
We work with your country’s GAAP or IFRS to develop and implement an accounting taxonomy based on XBRL standards.
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STREAMLINED FILINGS
Our ready framework allows business registers to offer XBRL filing applications that makes data gathering, report creation and filing intuitive and less burdensome for filing entities.
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AUTOMATED SUPPLY CHAIN
The data obtained in XBRL can be automatically populated into the business register’s internal systems without re-keying or reformatting. Massive savings in time and costs.
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DATA ANALYSIS
Our solutions allow business registers to consume and analyze filings much more quickly, efficiently and reliably without having to manually organise the reported data.
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MORE TIME FOR COMPLIANCE
With XBRL the process of determining discrepancies in filings gets increasingly automated and less reliant on manual checks.
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STRAIGHT-THROUGH REPORTED DATA
We offer straight-through solutions that ensure data gets reported as-is from the source systems within companies without getting modified in transit.
Our OFFERINGS
- Products
- Services
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IRIS iDEATE
Taxonomy Development
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IRIS iFILE
XBRL Filing Platform
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IRIS DCP
IRIS’ Data Consumption Platform
OUR CUSTOMERS
TESTIMONIALS
CASE STUDIES
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In January 2015 the Department of Business Development (DBD) under the Ministry of Commerce (MoC), Thailand introduced XBRL for voluntary electronic submission (e-filing) of financial statements of legal entities /businesses for the FY2015 reporting period and onwards. This was done to facilitate rapid and accurate disclosures, vital for transparency, efficiency and accountability.
More Case Studies
BLOG
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The Securities and Exchange Board of India is set to widen its ESG disclosure requirements to the top 1,000 listed companies by market capitalisation in India.
WHITE PAPERS
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SEC announced on June 13, 2016 that it will allow companies to voluntarily file structured financial statement data in Inline XBRL. What Does this Announcement Mean for Filing Companies? Read our White Paper on Comprehending SEC's Inline XBRL Filing for filers.