Items tagged with "Data Quality"

PwC underline importance of quality Data

This week PwC published a strong call for companies to take full advantage of the recent pivot to digital with high-quality XBRL data.

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XBRL US video: Data Quality Rules

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.

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FCA launches new Data Platform

The UK’s Financial Conduct Authority (FCA) recently announced the launch of their new user-friendly data collection platform, RegData.

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XBRL US publishes DQC 12th Ruleset

This week the XBRL US Data Quality Committee (DQC) published its 12th Ruleset for public review.

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Defining Mandatory Fact Rules? New guidance available.

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 […]

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Updated Guidance explains new Extensible Enumeration Features

Extensible Enumerations is a powerful feature of XBRL that enables the creation of concepts that take a value from a pre-defined list.

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XBRL US Data Quality Checks Now Available inside FASB Taxonomy

The Financial Accounting Standards Board (FASB) has incorporated the DQC validation rule documentation into the 2020 release of the US GAAP Financial Reporting Taxonomy. The validation rules, developed by the XBRL US Data Quality Committee (DQC), are used by filers to check the accuracy of their data before they submit it to the SEC. This […]

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EBA issues updates to improve Data Quality

The European Banking Authority (EBA) recently published an updated list of validation rules and related XBRL taxonomy with the aim of improving data quality for reporting framework v 2.9. The updates include new and amended validation rules, severity status changes and new deactivations/reactivations of validation rules. It will help ensure reported data is accurate and […]

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Watch a Webinar on the 9th Ruleset

Want to know more about the recently released Data Quality Committees 9thRuleset? This week XBRL US hosted a webinar discussing the changes proposed in the ruleset, which is out for public review and comment until 15 June. In addition to expanding on many existing rules, the 9th ruleset contains a new category of checks that […]

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Third Round of DQC Rules Released. 

XBRL US’s DQC Committee Releases New Tranche of Machine Executable Rules.

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