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 […]
The XBRL US Data Quality Committee (DQC) recently published its 14th Ruleset for public review, with comments due 15 December.
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.
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.
This week the XBRL US Data Quality Committee (DQC) published its 12th Ruleset for public review.
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 […]
Regulators are now collecting vast quantities of data, with new data strategies a focus for both the UK and the US at the beginning of 2020 – but what about the quality? Regulation Asia recently released a video interview with Kaizen Reporting’s Ian Rennie pinpointing some ways firms can keep on top of data quality at Singapore Fintech […]
This week the Data Quality Committee (DQC) published its 11th Ruleset for a 45-day public exposure period, set to end January 3, 2020.
The XBRL US Data Quality Committee (DQC) has approved its 7th ruleset which includes 13 types of validation checks for filings prepared using the US GAAP Financial Reporting Taxonomy as well as two guidance documents. The DQC also published an 8th Ruleset for a public review and comment period, which ends on 1 February 2019.The DQC […]
The XBRL US Data Quality Committee (DQC) has approved, finalized, and published its 6th ruleset which includes validation checks for filings prepared using the US GAAP Financial Reporting Taxonomy and the IFRS Taxonomy. DQC rules and guidance are designed to be used by issuers to identify and correct errors in their SEC filings. The DQC, […]