Ensuring Accuracy and Trust in Your Financial Reporting
In the world of digital financial reporting, accuracy and reliability are paramount. XBRL (eXtensible Business Reporting Language) has revolutionized how financial data is shared and analyzed, but the complexity of this format necessitates specialized tools for assurance and auditing.
XOR-Audit is designed to address the completeness, mapping, consistency and structure of XBRL data.
Choose XOR Audit and Assurance to ensure:
- Data Integrity: XOR helps verify that financial data is accurately tagged and structured, minimizing the risk of errors or misinterpretations. It thoroughly checks
your XBRL instance documents against relevant taxonomies, pinpointing errors and calculation inconsistencies. - Comprehensive Auditing: Perform thorough checks on XBRL filings, including materiality and non-materiality aspects, technical and structural validation, calculation checks, and data integrity verification using the built-in validation tools
- Customizable Reporting: Generate detailed reports highlighting errors, warnings, reports tailored to your specific needs and generate comprehensive reports for
internal and external stakeholders - Regulatory Compliance: Ensure XBRL filings meet all relevant regulatory requirements such as completeness, and consistency with source information,
avoiding costly penalties or delays. - Review and Collaboration: Enable efficient review and collaboration among your team members via threaded commenting and built-in extensive reports.
- Efficiency: Streamline the entire audit review process, saving time and resources compared to manual review.
Invest in Your Financial Data Integrity !!!
Don’t leave the accuracy and reliability of your XBRL data to chance. Embrace the power of XOR to gain confidence in your financial reporting, streamline compliance, and unlock valuable insights.
Contact us today to learn more about how our XBRL solutions can transform your financial reporting processes.