The XBRL US Data Quality Commission (DQC) publishes validation rulesets designed to improve the quality and usability of XBRL data by allowing issuers to test their data before submission. While the DQC has been around since 2015, recent events indicate that the US Securities and Exchange Commission (SEC) increasingly acknowledges the value and importance of […]
Revised regulation recently gave the European Securities and Markets Authority (ESMA) some new so-called “convergence” powers to identify and co-ordinate supervisory priorities in response to key risks across the Union.
The XBRL US Data Quality Committee (DQC) recently published its 14th Ruleset for public review, with comments due 15 December.
An article from the American Bankers Association this week underlines how important good quality data is to compliance and anti-money laundering (AML) efforts.
As data digitisation and XBRL reporting continue to expand worldwide, it’s crucial that companies are reporting accurate, high-quality data. Wes Bricker, Vice Chair of XBRL International’s Board of Directors and PwC Vice Chair, US and Mexico Assurance Leader, recently wrote an article for FEI highlighting the importance of accurate XBRL tagging.
This week PwC published a strong call for companies to take full advantage of the recent pivot to digital with high-quality XBRL data.
Data quality is important. While the XBRL standard goes a long way towards improving data quality, by reducing the need to manually enter and re-key data, preparers can also take further steps to ensure that XBRL financials are error free.
The UK’s Financial Conduct Authority (FCA) recently announced the launch of their new user-friendly data collection platform, RegData.
This week the XBRL US Data Quality Committee (DQC) published its 12th Ruleset for public review.
The use of XBRL can greatly enhance data quality in a reporting ecosystem through the use of automated validation rules. Such rules often include “mandatory fact” rules — facts that are required to be included in every report. The Taxonomy Architecture Guidance Task Force (TAGTF) under the leadership of XBRL International’s Best Practices Board has […]