1 / 19

Outline

Search Engines for Extracting, Managing, and Analyzing Knowledge from the SEC Filings in XBRL and Beyond. Rajendra P. Srivastava Ernst & Young Professor and Director E&Y Center for Auditing Research Adv. Technology 13th World Continuous Auditing & Reporting Faculty of Economics, University of

abie
Télécharger la présentation

Outline

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Search Engines for Extracting, Managing, and Analyzing Knowledge from the SEC Filings in XBRL and Beyond Rajendra P. SrivastavaErnst & Young Professor and DirectorE&Y Center for Auditing Research Adv. Technology 13th World Continuous Auditing & Reporting Faculty of Economics, University of Via Voltapaletto, 11, Ferrara (Italy), June 15-16, 2007

  2. Outline • Background of FRAANK (Financial Reporting and Auditing Agent with Net Knowledge) • Current Features of FRAANK 2.1 • Knowledge Extraction by FRAANK from SEC Filings • Role of FRAANK 2.1 in Creating Empirically Based Industry Specific Taxonomies • Live Demonstration • SEEK_INF (Search Engine for Extracting Knowledge from Industrial Filings)

  3. Background of FRAANK • Spring 1996: FRAANK was born to • Capture 10Ks and 10Qs from SEC Edgar database • Parse BS, IS and CF to create electronic Documents • 2001: Adopted to XBRL Taxonomy 1.0 • 2002-06: Text Parsing, Tagging, and Display • Items on 10K and Footnotes to FS • Auditor’s Report • Intelligence to find Auditor, Place, Date, and Type • 2005-07: Moved to XBRL Taxonomy 2.1 • 2007: FRAANK 2.1

  4. Academic Publications on FRAANK (http://www.eycarat.ku.edu) 2000: Nelson, Kogan, Srivastava, Vasarhelyi, Lu. Virtual Auditing Agents: The EDGAR Agent Challenge, Decision Support Systems (28) 3: 241-253. 2002: Bovee, Ettredge, Srivastava, Vasarhelyi. Does the Year 2000 XBRL Taxonomy Accommodate Current Business Financial Reporting Practice?” Journal of Information Systems, Vol. 16, No. 2, Fall: 165-182. 2005: Bovee, Kogan, Srivastava, Vasarhelyi, Nelson. Financial Reporting and Auditing Agent with Net Knowledge (FRAANK) and eXtensible Business Reporting Language (XBRL). Journal of Information Systems, Vol. 19, No. 1 (Spring): pp. 19-41.

  5. Current Features of FRAANK 2.1 • Uses XBRL 2.1 Taxonomy (Calculation Tree) • Parses BS, IS, CF in 10Ks and 10Qs and tags them using XBRL 2.1 • Creates KU_Tags for items not found in XBRL 2.1 • Creates a database of line items identified as not having XBRL 2.1 tags • Parses Non-Financial Information in 10K • Items, Footnotes, Audit Report, SOX 404 Report • Identifies auditor, place, date, type, and tags using XBRL 2.1 • Identifies Effective & In-effective SOX 404 Report

  6. Questions!

More Related