Research shows XBRL filing costs are lower than expected.
Professional Insights
XBRL Cost Study reveals lower than expected filing costs
Aug 03, 2018 · 508.7 KB Download
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When SEC mandates certain reporting requirements, one of the first thoughts for companies is how will this affect our bottom line?
To understand the true costs for XBRL formatting of small companies complying with the SEC’s mandate and to gauge the pricing trend, XBRL US and the AICPA updated their cost study initially developed in 2014. They surveyed XBRL filing agents who provide XBRL tagging and filing services to small public companies.
You may be surprised to hear that that the filing cost declined by 45% between 2014 to 2017. These results demonstrate that the investment made to standardize corporate disclosure data:
Is not overly burdensome on small companies
Has become more efficient
Increases companies’ ability to reach more investors and provide analysts with easy access to more detailed financial disclosure information.
Download this study to learn more.
Download the XBRL Cost Study
File name: xbrl-costs-for-small-companies.pdf
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