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Implementing business rules? Assess alternatives

Posted on February 8, 2018 by Revathy Ramanan

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One of the key outcomes expected from a digital reporting program is enhanced data quality. Business rules are key to ensuring that the data collected meets expected 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 a 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. The guidance can be found here

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