EDGAR is a short way around for Electronic Data Gathering Analysis and Retrieval. It stands for a file format in which companies are required to submit various documents of theirs like registration and periodic statements to the United States Securities and Exchange Commission. The most important principle of the Security and Exchange Commission is to protect investor interests and to maintain orderly and efficient markets. The documents so collected are made available to the general public.
Reporting Tasks:
SEC collects these data from companies through various forms in the EDGAR format. These forms have to submit within a certain time period with the consequence of penalty in case of delays. The format is a fairly new procedure and since its conception, companies have begun to provide Edgarization services. However, despite many companies providing this service, the quality of work varies from company to company. It is important to be very cautious when choosing your Edgar filing agent or else you could end up paying a penalty.
They are also offering Outsourced CFO & Accounting that initiates, Full cycle bookkeeping, including but not limited to account payable, accounts receivable, payroll performs accruals and month end journal entries. Derivative calculations, Preparation of quarterly and annual financial statements including working papers, Company’s auditor and legal counsel, Management’s discussion, and analysis preparation.
Additionally, they are involving in Regulatory Filings that emphasize the terms of Electronic Data Gathering, Analysis, and Retrieval System, XBRL section 16 reporting that is mainly to maintain SOX compliance, SEDAR of Canadian security administrators. They do not require long-term filing agreements with partners. XBRL reporting is the reporting standard in the public filing industry. It is a flexible, multi-dimensional, and standardized format for both tagging and synthesizing people’s financial data. Once placed in XBRL format, the financial information becomes instantly available to the general investing public. The key resource person XBRL experts are very quick and accurate with your financial data.
Author Bio:
PubCo Reporting offers a complete suite of Outsourced CFO and Accounting solutions. We do not require any long term filing agreements with our partners, and guarantee 100% accuracy and compliance with each and every one of our filing submissions.
