Guidance Corner: Using Business Rules
Business rules are key to ensuring that structured data collected with XBRL meets required quality levels. XBRL provides a number of ways in which business rules can be implemented. The Best Practices Board’s Implementation Guidance Task Force has published guidance on assessing different alternatives to incorporate business validation rules as part of an XBRL program. It helps program owners to decide the right implementation strategy, explaining the impact on factors such as taxonomy versions, market readiness and on-going maintenance. Find more here.
