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Items tagged with "Validation Rules"

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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EBA issues updated Validation Rules

The European Banking Authority (EBA) has published a revised list of validation rules in its Implementing Technical Standards (ITS) on supervisory reporting. Rules that have been deactivated either for incorrectness or for triggering IT problems have been highlighted. The EBA notes that data submitted in accordance with these ITSs should not be formally validated against […]

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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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Public Review – Validation Rules for SEC Filers

11th April, 2018

XBRL US to host a webinar on public review of validation rule on April 11, 2018, at 3:00 PM ET. Speakers from the XBRL US Data Quality Committee will review rules created to catch errors and inconsistencies in SEC filings before they are submitted to regulators. The rules applicable to SEC filers using either the IFRS Taxonomy […]

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EBA deactivates some validation rules

When preparers can  run business rules over their draft reports before they submit their data, they can be confident about it. Furthermore, regulators get much better information. Large sets of public validation rules are extremely valuable in managing data quality, but they they can also be complex to maintain and test. The European Banking Authority […]

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