Items tagged with "Data Quality"

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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Politics and Regulation in the US

Business Reporting is both a political and regulatory exercise, and there have been recent movements on both fronts in the US.

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Data Quality Committee Seeks Public Review of Additional Validation Rules and Guidance for SEC Filers

XBRL US is seeking public comment on five new sets of validation rules to address common XBRL input errors.

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DQC Validation Rules Improve Accuracy

Efforts by the Data Quality Committee in the US are paying off . . . filing errors drop 64 percent.

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New ways of collecting, sharing and using data. But is it a revolution?

We can’t help but notice that a lot of people in both the public and private sectors are starting to look at XBRL filing data in a whole new way.

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SEC Commissioner on iXBRL

SEC Commissioner Michael Piwowar called on the SEC to “move promptly to modify EDGAR to permit inline XBRL and commence a voluntary pilot program to obtain more information about the costs and benefits of an inline XBRL system”.

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