Our cloud-based virtual data room solution that helps companies worldwide close more deals, faster.
Leading SEC filing software for your regulatory disclosures.
The compliance documentation publisher for critical filings and shareholder communications.
Efficiently execute a successful transaction with our end-to-end suite of services.
Manage the complex content and communication demands of capital transactions with Merrill.
Simplify logistics and minimize risk in regulatory filing and periodic reporting.
Merrill’s integrated, multi-channel communication and delivery solution.
Drive engagement and streamline targeted communications with one easy solution.
Achieve efficiency and absolute accuracy in personalized, regulatory-compliant communication in healthcare.
Extract more value from your contracts and reduce compliance risk and legal exposure.
Organize, find and share your documents with our secure, sophisticated storage system.
Secure the best deal for your sales, purchases, technology transfers and licensing deals.
Streamline the due diligence process and gain real-time access to critical information.
Get the latest updates and insights around complex content management, regulatory disclosure and compliant communications.
508 PDF Compliance
Financial Reporting Council (FRC)
Mergers and Acquisitions
Virtual Data Room
ACA Section 1557
Annual Notice of Change (ANOC)
Evidence of Coverage (EOC)
EY Entrepreneur of the Year Awards
M and A
Oil & Gas
Tax Cut and Jobs Act
Tax Law Changes
Merrill DatasiteOne provides significant benefits and advanced functionality across multiple transaction types that require highly secure document sharing and collaboration in...
Speed, Security and Simplicity
Expertise, Innovation and Service
Merrill DatasiteOne - the only SaaS due d… https://t.co/dBEgPPoCx1
XBRL & Edgar Filing | Regulatory Disclosure | Financial & Regulatory Disclosure | Merrill Bridge®
The Tax Cut and Jobs Act of 2017 triggered updates to U.S. accounting standards, resulting in corresponding changes to XBRL tags that SEC filers need to note.
Keep informed of hot topics on the future of digital business reporting, as the Members’ Forum sets sail.
A new report details how XBRL can drive digital corporate reporting and realize the full benefits of the European Single Electronic Format (ESEF) regulation.
XBRL & Edgar Filing | Merrill Bridge®
Merrill Bridge users are encouraged to view this on-demand playback for some tips, tricks, and ideas from our expert support staff on how to manage your XBRL and XBRL review within the Bridge platform.
Regulatory Disclosure | Merrill Bridge®
The IFRS Foundation’s “Using the IFRS Taxonomy – A Preparer’s Guide” is a must read for any company submitting XBRL to the SEC for the first time in 2018.
Right now, one technology stands out as the innovation which is likely to be the “elephant in the room” when it comes to upending accounting, financial reporting and the audit profession: Blockchain.
Hans Hoogervorst, chair of International Accounting Standards Board, says IFRS XBRL Taxonomy is a key component in the IASB’s "Better Communications" initiative aimed at bringing better clarity to financial reports. The end goal is to ensure companies can communicate a clear, consistent and objective story to investors through their financial statements.
The SEC’s future direction under new Chair Jay Clayton is still unfolding. New leadership in Washington is focused on streamlining regulation. In Congressional testimony and speeches, Clayton made it clear he wants to improve the opportunities for companies to raise capital while still protecting investors.
SEC IFRS filers should be aware of the proposed Shared Reporting Taxonomy (SRT) for the upcoming mandated SEC XBRL filings, starting with financial periods ending on or after December 15, 2017.
Merrill Corporation has the pleasure to welcome Bartek Czajka, the previous IFRS Taxonomy leader at the IFRS Foundation, to its industry-leading team of experts. He joins Merrill to provide IFRS companies with an unprecedented level of XBRL expertise – the crucial expertise needed to confidently move forward with SEC XBRL filings.
The SEC is increasingly using structured data to assess risk and detect potential fraud.
There is no audit requirement for XBRL tagged financial statements filed with the SEC. Is it a problem to have no independent assurance on company-provided financial information that’s being used for analysis and investment purposes?
Mike Willis is the Assistant Director in the SEC’s Office of Structured Disclosure (OSD). Among other things, the OSD works on the design and implementation of technological processes and tools that support the SEC’s use of structured data, such as XBRL-tagged financial information.
The SEC is undergoing a crucial period of transition under Chair Jay Clayton, who was appointed by President Trump earlier this year. Unlike the previous chair, Mary Jo White, who is a former prosecutor and litigator, Mr. Clayton is a transactional lawyer. He is expected to focus more on improving the capital markets than on enforcement.
XBRL & Edgar Filing | Financial & Regulatory Disclosure | Merrill Bridge®
Take note if you’re involved with SEC XBRL financials: there’s a new document that provides guidance on structuring and tagging the statement of cash flows using the US GAAP taxonomy. The Statement of Cash Flows Guidance was produced by the XBRL US Data Quality Committee (DQC) to reduce errors and improve consumption of XBRL data.
XBRL & Edgar Filing | Regulatory Disclosure | Merrill Bridge®
The July issue of Dimensions featured an interview with Emil Efthimides, the regulatory monitor for the Global Data division at Bloomberg LP. He oversees the collection and delivery of financial-statement data for use by investors and financial analysts.
Merrill Corporation has for a decade been instrumental in facilitating and promoting XBRL data reporting standards to allow for better and more efficient analysis of financial reports. In a testament to those efforts and its industry leadership, Lou Rohman, vice president of XBRL Services, was recently appointed chairman of the XBRL US Data Quality Committee (DQC).
After a lackluster 2016, the market for initial public offerings shows signs of a revival in 2017. Simultaneously, the SEC has indicated a renewed interest in supporting IPOs under its new chair, Jay Clayton, who has stated that capital formation will be one of his highest priorities.
With Jay Clayton’s confirmation, as new SEC chair, we know we can expect to see changes in both focus and tone from the Commission. I anticipate that, with his background as a corporate attorney, Clayton will focus more on improving capital markets than on enforcement.
On Wednesday 1 March, the long-awaited mandate requiring IFRS filers to file in XBRL was announced by the SEC. This is a momentous step for IFRS filers and failure to comply is not an option.
On March 1, 2017 the U.S. SEC published the IFRS Taxonomy on its website and, consequently, launched a mandate for IFRS companies to submit XBRL files for periodic financial reporting.
On March 1, 2017, the SEC passed a proposed rule requiring Inline XBRL as the format for submitting financial statements to the SEC. The requirement will be phased-in for operating companies.
Merrill recently hosted a webinar on some of the latest ways XBRL is transforming how financial information is consumed, featuring Alexandra Ledbetter of the SEC Office of the Investor Advocate and Emily Huang, president of idaciti, as well as Lou Rohman. Learn more about this informative webinar.
After significant consultation and feedback, a conclusion was finally reached; public companies in the European Union will be required to submit digital annual financial reports using eXtensible Business Reporting Language (XBRL) – specifically the Inline XBRL format.
Does your organization’s or Insider's EDGAR Company Profile include an up-to-date email address? If not, you could be in for a big hassle that could keep you from filing on time.
A new feature is coming to SEC XBRL. It’s called “typed dimensions”. The SEC updated its EDGAR Filer Manual on December 12, 2016, to allow for this new feature, stating that “filers will be able to provide typed dimensions defined in standard taxonomies in all XBRL submissions.
I saw technology intersect several times with the SEC filers that use IFRS (International Financial Reporting Standards) during the 2016 Conference on Current SEC and PCAOB Developments on December 5-7 in Washington DC. But despite this, SEC IFRS filers still aren’t required to submit financial statements using XBRL, a technology format that provides tagged financial data, allowing software to efficiently consume the data.
I’m excited to say that the XBRL US Data Quality Committee (DQC) officially published its second set of approved rules and guidance on XBRL tagging for SEC filings. Filers should begin using these new rules by the beginning of 2017 to help identify and correct errors in their filings. As vice chair of the DQC, I know the incredible amount of work and expertise that went into these new rules—and I believe they’re a significant step forward in improving data quality across the board.
The SEC recently released guidance on the new Pay Ratio Requirement which serves as a timely reminder to all public companies: With the January 1, 2017 compliance deadline fast approaching, it’s time to make sure you understand the new requirements—and that you’re prepared to determine and disclose them.
FEI and Merrill Corporation are teaming up to present this webinar titled “The SEC and XBRL: Financial Reporting in a New Light”. Past FEI/Merrill webinars have been fast-paced and full of relevant information. This too will be enlightening and a quick way to learn about the topics that matter.
In 2014, the SEC adopted Regulation AB II which aims to bring greater transparency to the asset-backed securities (ABS) market and prevent the surprises that contributed to the 2008 financial crisis. ABS filers directly impacted by the change — which requires asset information to be submitted in a structured data format on Form ABS-EE — are likely well aware.
Regulatory Disclosure for Corporations | Merrill Bridge®
"When?" is the question. When will the SEC require XBRL-formatted financial statements from companies that prepare their financials in accordance with International Financial Reporting Standards (IFRS)? My expectation is sooner rather than later.
A few weeks ago, FASB released the proposed 2017 US GAAP Taxonomy. On October 4, I attended a webinar where the FASB taxonomy team delved into some of the notable changes in the 2017 Taxonomy.
The gap between software and the human brain gets smaller every year. Smart virtual assistants like Apple’s Siri think like we do (and maybe better), and self-driving cars are now on our roads (probably driving better than most of us). But here’s one area where software can’t fully replace a knowledgeable human: catching every potential error in your company’s XBRL filings. There are still a wide range of very common errors and other issues that cannot be detected by error-checking software.
I get this question at least once a week, and people have been asking me (and asking others) for the past seven years. For the first few years after the 2009 SEC mandate, my answer was “I’m not sure.” But when you consider the timing, it wasn’t until 2013 that all companies that are required to file had submitted four quarters of filings with detailed footnote information tagged.
Did you know that bot, fro-yo and glamping are now — officially — words? The Oxford English Dictionary adds new words every year, and I’ll forgive you for not keeping up with all of them. I’ll also forgive you for not knowing all of the 3,399 tags that underwent changes in the 2016 U.S. GAAP Taxonomy.
I’ve eagerly read the many comment letters from my peers in response to the SEC’s Concept Release on Regulation S-K. They’re filled with great feedback, new ideas and important concerns. Few of these responses have been as pointed as the one issued by the Data Coalition.
In May 2016 the SEC updated guidance on the use of non-GAAP financial measures in its revised Compliance & Disclosure Interpretations. The updates add clarity to what the SEC considers misleading non-GAAP measures. These updates, along with recent speeches expressing concern by SEC Chair Mary Jo White and various SEC staff members, have made it clear that non-GAAP financial measures are coming under increased scrutiny at the SEC.
When I talk about financial reporting with executives and management at smaller companies, I usually hear some variation of, “It’s a complicated process. Despite years of experience, catching every error can be challenging and time-consuming.” But here’s one of the most interesting parts of the Financial Reporting Council’s (FRC) recent focus on reporting quality issues among AIM-quoted companies: the FRC says most companies have the resources and expertise on-hand; they’re just not making the most of them.
Financial & Regulatory Disclosure | Merrill Bridge®
The CFA Institute confronted the topic of data and technology in financial reporting in a recent paper. The paper’s vision for the future focuses on a broader and deeper use of structured data. The paper suggests that investors are hungry for more financial data in a structured format. The current XBRL requirements apparently have only whet the investors’ appetites.
Keep an eye on blockchain. It’s one of the “next big things” in the FinTech world that will have revolutionary impact on business transactions. So the question arises, what is blockchain?
Saying the opposite of what was meant to be said usually creates a lot of confusion. That's the case for SEC XBRL filings in which a company erroneously enters a negative amount in the XBRL file when it should be a positive amount. The company is saying the exact opposite of what was meant to be said.
In an open letter to the SEC from a small-but-hot new tech startup, idaciti, calls out antiquated SEC disclosure requirements and issues a call to action for better data quality. Learn more about the message.
Some of the questions posed in the concept release of Regulation S-K could produce revolutionary changes that significantly improve the consumption of U.S. Securities and Exchange Commission (SEC) disclosures.
Filers increasingly create custom axis tags when applicable standard axis tags already exist in the US GAAP Taxonomy. It hurts overall data quality, and now the SEC is taking notice.
The XBRL-US Data Quality Committee today revealed its second set of validation rules and guidance for SEC filers, inviting public comment on the proposed rules.
Some organizations still aren’t using this error-checking tool — and continue to submit filings riddled with common, easily fixable errors. Find out how you can take advantage.
Just as SEC filers are beginning to gain familiarity with the XBRL world, there’s a new data format making headlines: Inline XBRL, or iXBRL. Find out what you need to know about Inline XBRL and what’s coming.
With more than 15,000 XBRL tags, it can be difficult to avoid errors. Learn about the common tagging errors and how you can make easy fixes now.
XBRL errors dropped more than 64% since release of DQC rules. See how you can take your XBRL data quality to the next level.
The SEC’s new crowdfunding rules went into effect, allowing companies to offer and sell securities to the investing public via crowdfunding portals. Learn how XBRL tagging could play a key role.
Get a clear perspective on how XBRL changes impact your organization, definitive guidance on navigating XBRL challenges, and valuable insight into where XBRL is heading.
What defines high-quality XBRL data? Understanding the factors that drive data quality, and recognizing high- or low-quality data, is a growing necessity for both filers and consumers of XBRL data.
Thank you for your interest in Merrill. Let us know how we can assist you.
Thank you for your interest in Merrill. Let us know how we can assist you by submitting the following form.
* Required fields
Business Email Address*
Corporation - Private
Corporation - Public
CAO / Controller
CEO / Chairman
CFO / Finance Director
Corporate Development - M&A
Gen/Asst Gen Counsel
Sourcing / Procurement
CAO / Controller
CEO / Chairman
CFO / Finance Director
Corporate Development - M&A
Gen/Asst Gen Counsel
Sourcing / Procurement
Associate / Sr. Associate
Select a Country*
Select a Country*
Antigua and Barbuda
Bonaire, Sint Eustatius and Saba
Bosnia and Herzegovina
British Indian Ocean Territory
Central African Republic
Cocos (Keeling) Islands
Congo, Democratic Republic of
Falkland Islands (Malvinas)
French Southern Territories
Heard and Mcdonald Islands
Isle of Man
Northern Mariana Islands
Papua New Guinea
Saint Kitts and Nevis
Saint Pierre and Miquelon
Saint Vincent and Grenadines
Sao Tome and Principe
Sint Maarten (Dutch part)
South Georgia and the South Sandwich Islands
Svalbard and Jan Mayen Islands
Syrian Arab Republic
Tanzania, United Republic of
Trinidad and Tobago
Turks and Caicos Islands
United Arab Emirates
US Minor Outlying Islands
Virgin Islands (British)
Virgin Islands (US)
Wallis and Futuna Islands
Select your State/Province
Select your State/Province
Newfoundland and Labrador
Prince Edward Island
Due Diligence / VDR
Compliance - Annual Report and Proxy Statements
Compliance - Investment Management Regulatory Communications
Compliance - Periodic Reporting
Financial Services Marketing & Communications
Healthcare Member Communications
Secure File Sharing
Transactional Event - Capital Raising / High Yield
Transactional Event - IPO
Transactional Event - M&A
*Please tell us how we can help you (select all that apply).
Request a Demo
Tell me more
If you see this field, do not change it
Want to view the site in a different language? Select one of the language options below:
We want to show you the most relevant information. We see you're in:
View events, news and updates for another country by changing your selection below: