XBRL HR 37 Exemption for Small Companies Rejected
On the second day of the year, U.S. House of Representatives failed to pass HR 37, "Promoting Job Creation and Reducing Small Business Burdens Act". HR 37 would have exempted small public companies with under $250 million in annual revenue from filing in XBRL. The focus of the bill was to mitigate the costs public companies encountered with XBRL filings. The SEC is now sending comment letters to public filers who submitted XBRL filings that were incomplete and/or inaccurate.
Quality-driven XBRL Filings
You can depend on Colonial Stock Transfer's quality control and validation metrics to ensure that your XBRL filings are always complete and error-free. Colonial's XBRL filing service is a full service solution that provides conversion of public company's financial statements and notes into XBRL formats that are compliant with the SEC, US GAAP, and IFRS taxonomies. Contact us to learn more at toll-free 877-285-8605 or firstname.lastname@example.org
Published: January 16, 2015
Author: Shawn Kintaudi