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 […]
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 […]
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 […]
XBRL US’s DQC Committee Releases New Tranche of Machine Executable Rules.
Business Reporting is both a political and regulatory exercise, and there have been recent movements on both fronts in the US.
XBRL US is seeking public comment on five new sets of validation rules to address common XBRL input errors.
Efforts by the Data Quality Committee in the US are paying off . . . filing errors drop 64 percent.
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.
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”.
Over 130 investors, analysts and other stakeholders met in NYC on 4 November for a forum hosted by XBRL US on improving financial analysis using structured data. Speakers from the CFA Institute, US Treasury and the SEC provided a picture of the current and future reporting landscape. But what made this event particularly useful was that the bulk of the […]
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XBRL International is a global not for profit operating in the public interest. Our purpose is to improve the accountability and transparency of business performance globally, by providing the open data exchange standard for business reporting.
