Fremont, California, United States
SimpleX Data Technologies' XBRL client Adobe Systems Incorporated is named one of the model companies in terms of both quantity and quality of its XBRL filings, according to a study(1) of the XBRL documents filed as part of the Voluntary Filing Program (VFP) of the SEC.
The study examined 97 XBRL filings made with the SEC EDGAR database and concluded that only 41 of the filings were valid and conforming to the latest XBRL Specification 2.1 standard. The study examined the filings based on several key factors including formation of XBRL, Technical validation, Calculation validation, Taxonomy Versioning, etc. Since the SEC's VFP program started in early 2005, Adobe has made 6 consecutive quarterly filings, all of which are fully validated and compliant with the specification, the study noted.
"Adobe is pleased to be contributing to the development of a top-quality XBRL reporting standard. SimpleX Data Technologies has been a valuable resource, helping to ensure the quality of our filings made under the SEC's Voluntary Filing Program," said Danica Joseph, SEC Reporting Manager for Adobe.
"We are extremely happy to be able to assist our clients like Adobe Systems with their XBRL filing efforts," said Jay Chandran, Senior Partner of SimpleX Data Technologies. "Our client Adobe Systems being named one of the 'model companies' recognizes the high quality of our XBRL service. This is indeed a milestone for our company and we are very proud of it. We will continue to provide the same high-quality service to all our clientele so they all make the 'model XBRL filers' list," Jay added.
About SimpleX Data Technologies
SimpleX, a member of XBRL-US consortium, offers XBRL solutions to companies that wish to publish their financial statements in XBRL. SimpleX has developed Tagezee(TM) that it uses to create instance documents and taxonomy extensions using XBRL specification 2.1. For more information, please visit www.simplexdtech.com
(1) "How Valid Are They? - An Examination of XBRL Filing Documents with the SEC EDGAR," presented by Mr. Kuo-hua Chou, Department of Accounting at the National Pingtung Institute of Commerce in Taiwan at the 14th XBRL International conference held in Philadelphia in December 2006. Copy of the study and the presentation can be obtained from the Track Session Presentations section in this link- http://www.xbrl.org/PhiladelphiaPresentations. Mr. Chou has made several presentations at other leading conferences as well. He has been running an online XBRL Teaching & Learning center for three years, and it is very popular in the Greater China area. (The website is: http://www.ais.npic.edu.tw/xbrl/index.html.). He is also an active participant in the review work of several XII technical documents, including the Dimensions 1.0 specification, GL 2006 taxonomy, and Versioning specification.
CONTACT: SimpleX Data Technologies Jay Chandran 1-510-257-4150 Senior Partner JayC@simplexdtech.com
Source: Business Wire (Business Wire India)