XBRL (eXtensible Business Reporting Language)
CNW Group offers the world's only automated XBRL tagging solution, in conjunction with EDGAR Online®.

Background
The U.S. Securities and Exchange Commission (SEC) Filing rules for Canadian Inter-listed companies are changing. The SEC has proposed rule changes that will require all reporting issuers to file financial reports using XBRL - an international standard for tagging data in financial documents. Some companies filing in U.S. GAAP will be impacted as early as 2009, with all inter-listed companies required to comply with the SEC's new proposed standards by 2011. Manually formatting financial documents for XBRL is a time-consuming, complex process.

Automatic tagging from CNW Group

Partnering with EDGAR Online®, CNW Group's automated solution combines our expertise as Canada's largest SEDAR Filing Agent, with EDGAR Online's proven technology to provide a fully automated and time-saving solution for tagging and converting your financial documents into XBRL format.


A fully automated solution:

A powerful and comprehensive XBRL tagging and conversion solution combining CNW Group's automated regulatory filing service with EDGAR Online's automated XBRL tagging system
Offers fast, accurate and simple XBRL tagging
Handles multiple accounting standards including U.S. GAAP, Canadian GAAP and IFRS
Minimizes additional effort during earnings deadlines
Ensures peace of mind through direct partnership with the EDGAR system

EDGAR Online's proven I-Metrix technology:

Provides quick and accurate, XBRL-tagged financial statement data via Microsoft Excel and an easy to use web interface.
Is the world's only automated XBRL tagging solution, the result of more than US Million of investment
Reduces processing time from 80 to 100 hours (for manual tagging) down to less than 24 hours for the first submission (subsequent documents can be tagged in as little as 8 hours)
Automatically applies over 3 million business rules when tagging documents with XBRL
Is the XBRL solution leader for U.S. issuers currently filing in XBRL format under the SEC's voluntary program and has processed 40% of all instance documents to date

For more information, please contact:

John Mania
Director, Product Management, News Media Group
T: 416.863.5628 | 1.800.825.6133
E: John.Mania@newswire.ca | Sedar@newswire.ca


Download XBRL PDF product sheet - click here