CoreFiling`s Touchstone Document Review Tool Supports the XBRL Consistency Suite for Full Quality Checking of SEC Filings

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Tue Apr 6, 2010 3:27pm EDT

OXFORD, England--(Business Wire)--
CoreFiling, the leading supplier of XBRL (eXtensible Business Reporting
Language) tools to filers, regulators and government agencies, has announced
support for the new XBRL Consistency Suite, launched today by XBRL US, the XML
standard setter for business information reporting in the U.S. 

The XBRL Consistency Suite includes Consistency Checks, a set of 6,000 tests,
which companies can run against their financial statements to identify issues
related to the use of the XBRL US GAAP Taxonomy before filing with the SEC. The
checks can now be accessed through CoreFiling's Touchstone document review tool.
Subscribers to the XBRL Consistency Suite can test their SEC filings against the
EDGAR Filer Manual rules, the XBRL 2.1 specification (including XBRL
Dimensions), and Touchstone's own integral "best practice" Quality Checks, as
well as the newly released Consistency Checks. 

The XBRL Consistency Suite is designed to highlight potential inconsistencies
with the XBRL US GAAP taxonomy, addressing issues of data consistency and
quality which fall outside the scope of the business rules described in the
EDGAR Filer Manual. The Consistency Checks incorporate a large number of custom
checks to ensure that the facts presented are fully meaningful within the
context in which they appear. Touchstone will flag anomalies when, for example,
monetary values wrongly appear as negative or annual amounts fail to agree with
cumulative quarterly figures. 

Touchstone now provides report preparers with a single view of the full range of
"pre-flight" checks. Touchstone highlights problematic facts directly in the
XBRL document, rather than just providing a static validation report. 

CoreFiling`s CEO, John Turner, commented: "Touchstone is the first tool to
incorporate the XBRL Consistency Suite as an integral part of its document
review process, which makes it ideal for SEC filers concerned about the quality
of their XBRL filings." 

CoreFiling is an official reseller for the XBRL Consistency Suite. 

About CoreFiling

Regulators, government agencies and corporations around the world rely on
CoreFiling for XBRL based performance reporting solutions. Headquartered in
Oxford in the UK, the company operates globally.

See http://www.corefiling.com for more details.

CoreFiling
Andrea Whitehouse
Tel: +44 1865 203 192
info@corefiling.com or 



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