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XBRL Software: CriteriaBased Assessment Introduction The CPC requires assessment of XBRL capable solutions provided by Software Service Providers (SSP) to prospective client companies for compliance
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How to fill out xbrl software criteria-based assessment

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How to fill out xbrl software criteria-based assessment

01
To fill out XBRL software criteria-based assessment, follow these steps:
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Start by reviewing the criteria for the assessment.
03
Gather all the necessary information and documents that are required for the assessment.
04
Ensure that you have a good understanding of XBRL software and its functionalities.
05
Start filling out the assessment form by providing accurate and complete information.
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Answer each criteria question according to your organization's specific needs and requirements.
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Provide supporting evidence or documentation when necessary.
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Take your time to review the filled assessment form for any errors or missing information.
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Once you are satisfied with the information provided, submit the completed assessment form.
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Wait for the assessment results and follow any further instructions given by the XBRL software provider.
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Keep a copy of the filled assessment form for your records.

Who needs xbrl software criteria-based assessment?

01
XBRL software criteria-based assessment is needed by organizations or individuals who are looking to evaluate and compare different XBRL software products available in the market.
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Financial institutions, regulatory bodies, accounting firms, and other organizations involved in financial reporting may require XBRL software criteria-based assessment to ensure they select the most suitable software solution for their specific needs.
03
Investors, auditors, or analysts who rely on XBRL data for analysis and decision-making may also benefit from XBRL software criteria-based assessment to have a better understanding of the software used for preparing and submitting the XBRL data.
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XBRL software criteria-based assessment is a process of evaluating XBRL software based on specific criteria to determine its suitability and effectiveness for financial reporting purposes.
Entities that are required to file financial reports using XBRL are required to conduct and file XBRL software criteria-based assessment.
XBRL software criteria-based assessments can be filled out by evaluating the software against the specified criteria and documenting the results.
The purpose of XBRL software criteria-based assessment is to ensure the accuracy and reliability of financial reporting through the use of XBRL software.
The assessment must include details of the software evaluation criteria used, the results of the assessment, and any recommendations for improvement.
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