COMPLIANCE & ANALYTICS SOLUTIONS FOR GOVERNMENTS / REGULATORS
In the digital economy, governments and regulators across the world are tasked to improve their reporting infrastructure and reduce the burden on reporting entities. Government agencies globally have opted for electronic reporting systems based on open and international standards like XBRL. IRIS has worked with governments and regulators in more than 16 countries advising them on their statutory reporting strategy.
BENEFITS TO GOVERNMENTS & REGULATORS
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REGULATOR TAXONOMY
Develop and implement XBRL based taxonomies for business and financial reporting in the domain of your regulatory jurisdiction. We can also help develop XBRL based taxonomies for non-financial business reporting, e.g. production, sales and marketing.
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AUTOMATED FILINGS
Our solutions need a one-time setup and there-on filings can happen through an automated process with complete accuracy and maintaining the integrity of data.
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COMPREHENSIVE PLATFORM
End to end solution for your reporting supply chain that starts with data gathering and report production by reporting entities and extends to public dissemination of the reported data in an analyzable form.
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REPORT PREPARATION
Reduce the burden on your reporting entities to gather and transform data to fit into reports. Our XBRL solutions are designed to address the tedious, time-consuming, and always changing nature of regulatory reporting.
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INTEROPERABILITY
Our XBRL based taxonomy and reporting platform, makes data interoperable no matter what information systems the source data originates from. This path to interoperability is a lot cheaper than working through applications and infrastructure.
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STRAIGHT-THROUGH PROCESS
We offer a straight through process for your reporting supply chain i.e. data is sourced directly from the central data repository of the reporting entities. The data submitted is trustworthy and without any manual handling.
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.