Magnify™, CoreFiling's desktop XBRL instance document review tool, is designed primarily with the business user in mind. Requiring no specific XBRL knowledge, this intuitive application reviews XBRL and iXBRL documents, ensuring compliance of even the most complex data disclosures prior to filing.
Magnify's structured, configurable, checklist guides the user through each stage of the document review process, performing automated tests, verifying calculations and highlighting any discrepancies requiring manual intervention.
Its powerful, multi-dimensional instance document viewer facilitates both comprehensive data analysis and document version comparison.
From April 2011 you need to submit your corporation tax returns, including the CT600 form, Accounts and Computations in iXBRL. No matter whether you intend to create your accounts in-house, use an accounts preparation package or outsource the process to a third party, the quality of your iXBRL documents is vitally important to prevent your filings being rejected.
Magnify checks all your iXBRL documents for compliance and highlights any discrepancies.
Contact us today for more information about Magnify.
If you are preparing to submit your financial disclosures to the SEC, see our SEC Filers' FAQ and discover how Magnify can help you meet your filing obligations.
SEC rendering made easy
A primary concern of SEC filers is to be able to see, prior to final submission, how their filings will appear on the SEC's website. Up until now it has been possible to submit filings to the SEC's website to generate a preview rendering, but many organisations are understandably reluctant to send their filings to external websites prior to finalisation.
Helping to overcome this concern, the SEC preview facility is now available directly within Magnify. Filings can now be reviewed to ensure that rendering of the XBRL is in alignment with the HTML version before being submitted via the EDGAR system. The Magnify preview tool allows users to review where labels differ, where underlines and borders appear in the wrong place, or where figures appear in the wrong tables, making it simpler to make the necessary changes.
Magnify's preview facility is provided using an off-line version of the rendering engine provided by the SEC. This gives the security and convenience of using a desktop tool, whilst providing confidence that the rendering seen in Magnify will match that in the EDGAR system after final submission.
In addition, comparison reports can now be created in Magnify, comparing SEC filing drafts and highlighting where the contents have changed. As with all reports in Magnify, these can be exported as an Excel spreadsheet for further review. With Magnify, filings can be edited and the process re-run to check the results - ensuring that the filing submitted to the SEC is right first time.
XBRL Consistency Suite
Magnify is the only XBRL tool to support the XBRL Consistency Suite, recently announced by XBRL US, incorporating the Consistency Checks as an integral part of its document review process, making it ideal for SEC filers concerned about the quality of their filings.
SEC Filers requiring further information about Magnify should contact us without delay.