Accounting DisclosureNet

The Biggest Financial Reporting Risk You Don’t Know You’re Taking


Sponsored by DisclosureNet

When it comes to financial reporting, risks are found in every nook and cranny of the Disclosure Management Cycle. Many are accounted for. But when it comes to this one crucial area, risk abounds as processes fall short.

Finance teams are tasked with the daunting responsibility of setting controls that not only facilitate a smooth filing output, but also benefit their company strategically (and financially) as they navigate an unknown future in quickly changing industries. This is no easy feat!

Often overburdened by addressing the consequences of risk, like non-compliant filings from falling behind on accounting standards, companies often fail to examine the root cause of such errors, resulting in increased vulnerabilities across the organization.

What is the root cause? Often times, risk could be avoided by bulking up on both qualitative and quantitative industry and financial reporting intelligence. While historically this type of disclosure research and analytics has been a gruelling and manual process, times are changing. There are better (and faster) ways to perform key risk-mitigating processes like gathering benchmarks, consolidating industry intelligence and deciding which XBRL tag to use and when to achieve compliance.

This short whitepaper evaluates three areas in the average Disclosure Management Cycle that suffer from poor research methods, pinpoints where they’re going wrong, and provides examples for how to fix them to fix your relationship with filing risk.

Download your FREE copy to learn more.        Copyright DisclosureNet Inc. 2015

What You’ll Learn:

  • How to rework the disclosure wheel, rather than reinvent it, when preparing filings to comply with new or changing regulatory standards
  • How financial analytics are essential for mapping and consolidating key competitive and industry intelligence
  • How XBRL tagging can be improved and simplified by using peer filings as precedents