London, 12 Jan 2012:
DataTracks Worldwide recently became a member of XBRL International (XII). As a result, DataTracks UK too has now become a member.
DataTracks UK is a vendor recognized by HMRC to provide fully managed services in converting financial statements and tax computations into iXBRL format for filing with Her Majesty’s Revenue & Customs, the tax regulator in United Kingdom. DataTracks has been providing these services for a year now; and has prepared several thousand statements in iXBRL format in 2011 through its web portal www.datatracks.co.uk
XII is the international standards organization which develops and maintains the XBRL specifications in collaboration with the various XBRL jurisdictions globally. XII focuses on greater transparency, improved access to reliable, accurate data, and reusability of business information.
By joining these networks, DataTracks has access to a network of XBRL experts, organizations and regulatory bodies and other authorities involved in XBRL initiatives word wide. DataTracks also has access to information on research, XBRL projects and the latest XBRL initiatives.
“DataTracks has been a global level player with more than 10,000 XRBL regulatory filings to its credit and a track record of serving clients worldwide for more than seven years in regulatory filings. Being a dominant player in the XBRL service industry with global presence, it was time for us to join XBRL US and XBRL International. Access to these networks gives us information on the latest developments in XBRL. We also get to participate in various XBRL steering committees. As a result of our global XBRL experience, we can contribute to various XBRL discussions group and further propagate of the benefits of XBRL beyond regulatory compliance” commented Sneha Rajagopal, Vice President Global XBRL Services.
DataTracks currently offers XBRL solutions for USA, UK and India markets and plans to extend its services to other countries in the near future.
About DataTracks UK: DataTracks UK is owned by UK based DTracks Limited and is a subsidiary of DataTracks Services Limited (www.datatracksglobal.com), leaders worldwide in preparation of financial statements in XBRL format for filing with regulators. DataTracks Services Limited has prepared several thousand statements (in ASCII, HTML and the more recent XBRL format) for filing with Securities Exchange Commission in the United States in the last five years.
Media contact: T R Santhanakrishnan, firstname.lastname@example.org +44 (20) 3468 6382