XII Publishes Quality Control Process for Taxonomy Development

(June 28, 2013) - The Quality Control Process for Taxonomy Development highlights three key contributing factors which influence the Quality in an XBRL Taxonomy, including: 

• Project Governance Structure 
• Iterative Processes for Taxonomy Development, Test and Review; and
• Skilled Resources in areas such as domain and XBRL technology experts.

Architectural issues at the design stage, internal and external review cycles and quality control check-lists foriterative testing are included as examples of framework components. Finally, this paper provides a sample list and description of supportive documents that enable this taxonomy quality control process to become a best practice.

The paper uses the Japan EDINET and UKHMRC taxonomies as case studies.