Consulting services for regulators considering or implementing an XBRL program
Our consulting services and our solutions will support you across all project phases:
To make the case for establishing an XBRL regulatory program you need to clearly articulate your key objectives and how the Program will address them, plus related costs of implementation and expected benefits for Government and the regulated community. A limited scope proof of concept provides invaluable insight that will be used to socialize the idea internally and externally, achieve buy-in, and provide guidance for the actual implementation.
Three Easy Steps is a low flat fee package that includes all the technology and the consulting services necessary to create a boardroom prototype. The prototype will show how different XBRL usage profiles support the specific goals and requirements of your project, and will demonstrate how to enable filers to generate their XBRL reports with the least investment and resources.
Several Governments already benefitted from our Three Easy Steps prototyping methodology, and guidance and lessons learned from those experiences will make it easy to tailor your own proof of concept quickly and efficiently.
Project Inception and First Release
In this phase you will need to get your team up to speed on the XBRL Specifications and on the use of mainstream XBRL tools, and our world-class training will help. We will also support your team with our proven methodologies for XBRL taxonomy architecture design and project implementation support, covering everything from data collection/modeling, harmonization and contextualization, identification and representation of business/validation rules, Implementation Guides, versioning strategies, and quality assurance.
In terms of software solutions, XTACT (XBRL Taxonomy Architecture Conformance Tests) allows to verify the consistency of your XBRL taxonomy with global best practices and with the provisions of your Taxonomy Architecture before publishing a release. XKUBED, our solution to enable filers to create XBRL reports, is a key success factor in your project because it minimizes costs and maximizes process efficiency for filers. If your taxonomy architecture includes XBRL Global Ledger (XBRL GL), our SRCD Suite provides end-to-end support to receive XBRL GL information, validate it and generate XBRL reports.
Each new periodic release of the taxonomy creates a problem for your regulated community – and for you, if you intend to provide software support to filers for the generation of XBRL reports. XKUBED automatically generates various software components from the XBRL taxonomy used by filers to submit — such as web forms and Excel spreadsheets to generate and validate XBRL reports.
- CRD IV Reporting
- Filing in China
- Filing in France
- Filing in Germany
- Filing in India
- Filing in the US
- Filing in the UK
- Taxonomy Creation, Maintenance, Enhancement
- XBRL Consulting
- XBRL GL Consulting
IPHIX is globally acknowledged as a leader in XBRL since 2004. We actively participate in various technical and best practices working groups within XBRL International, where we contribute to the development of the XBRL family of Specifications.
We have extensive experience in the implementation of XBRL both in the Government and in the private sector, and we are the architects of several XBRL taxonomies globally. Our clients portfolio includes Governments in various countries and global companies as well as leading professional, consulting and technology firms.