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Items tagged with "Data Quality"

99 data rules, free for use in software tools…

The XBRL US Data Quality Committee (DQC) has approved three new validation rules, following a public review, taking the total available to 99.

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What needs to be done on data quality? FRC reviews first mandatory ESEF year

The FRC Lab reports on lessons learnt from the first year of mandatory digital reporting in the UK. It finds that many companies are rising to the challenge of the ESEF format, and points the way forward on more that needs to be done on data quality.

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Significant improvements in XBRL data quality over first six years of Solvency II

EIOPA takes stock of data quality in Solvency II disclosures, and how it has developed since 2016. It finds significant improvements, due to “automated data quality processing solutions and advanced analytic tools together with built-in validations in the XBRL taxonomy.”

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XBRL US publishes latest data quality rules for review

The XBRL US Data Quality Committee (DQC) has published its 19th ruleset, containing three proposed new validation rules.

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“Making a difference”: More new US data-quality rules now out for review

The XBRL US Data Quality Committee (DQC) has this week published its 18th Ruleset for a 45-day public review and comment period, running until 30 May 2020.

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Italy introduces testing option for ESEF filings

It is now possible for Italian filers to test financial statements in the Inline XBRL-based European Single Electronic Format (ESEF), thanks to a new online function on the website of the Italian Business Register (Registro delle Imprese).

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Focus on quality “more than worth it” – and other last-minute ESEF considerations for first-time filers

Filing season is well underway in what is the first year of the European Single Electronic Format (ESEF) mandate in many countries, obliging companies to report digitally using Inline XBRL.

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XBRL US DQC approves more new validation rules

The XBRL US Data Quality Committee (DQC) approved version 17 of its freely-available validation rules and guidance in January. This latest update adds eight new rules, taking the total to 91 and coming into effect for filings submitted on or after 1 May 2022.

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ESMA Chair emphasises the importance of data in understanding risk

“In a world that runs on data, good quality data is also the essential ingredient to effective risk analysis,” says Verena Ross, Chair of the European Securities and Markets Authority (ESMA) – and we would certainly agree.

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More SEC insights on tagging errors

The US Securities and Exchange Commission (SEC) has issued an advisory notice dealing with tagging errors in digital reporting of finance lease liability, undiscounted future lease payments, and imputed interest.

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