Financial Reporting and Auditing Agent with Net Knowledge for
XBRL (FRAANK-XBRL)
Description: FRAANK-XBRL is intelligent agent software for accounting
and auditing domain. It reads financial reports (e.g., 10K and
10Q) filed with the SEC. It parses the information, identifies
tables containing financial statements (such as the income statement,
the balance sheet statement and the statement of cash flows),
parses each table into line items and identifies every line item
by matching it to the appropriate tag of the XBRL taxonomy, and
then tags the information using US-XBRL taxonomy. This agent
can be used to search through the Internet for financial and
non-financial information for business decisions, developing
risk profiles, and credit worthiness. In general the agent can
search for any financial and non-financial information in 10K
and 10Q reports of public companies through the Internet.
Users:
- Financial Analysts for investment decisions
- Regulators
- Banks for credit evaluation
- Companies making acquisition decisions
- Auditors for analytical procedures
Patent: Pending
License: Negotiable
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