In the realm of Inline XBRL, quality assurance is paramount. Xmetric Ltd recently released a report highlighting their lessons learnt in diagnosing and resolving quality matters in FRC-tagged accounts across the UK and Ireland. The report is designed to inspire and guide software vendors and preparers to soar to new heights in tagging quality.
Developers working on software for validating Interactive Data before EDGAR submissions now have a powerful tool at their disposal: the Interactive Data Public Test Suite (Version 67-230918).
The US Financial Accounting Standards Board (FASB) has published its proposed 2024 DQC Rules Taxonomy (DQCRT), with accompanying release notes.
The European Banking Authority (EBA) has published a revised list of validation rules to accompany its reporting standards (Implementing Technical Standards, Regulatory Technical Standards and Guidelines).
The International Financial Reporting Standards Foundation (IFRS) 2022 Taxonomy formula linkbase is now available for download. The updated linkbase reflects changes to the IFRS Accounting Taxonomy, including updates to axis aggregation validations, percentage warnings, and technical validations.
The XBRL US Data Quality Committee (DQC) has published its 20th Rule Set, including five proposed rules for corporate issuers, and two proposed rules that are specific to business development companies (BDC).
The XBRL US Data Quality Committee (DQC) has approved three new validation rules, following a public review, taking the total available to 99.
EIOPA takes stock of data quality in Solvency II disclosures, and how it has developed since 2016. It finds significant improvements, due to “automated data quality processing solutions and advanced analytic tools together with built-in validations in the XBRL taxonomy.”
The European Banking Authority (EBA) has published its regular updated list of validation rules for its reporting standards, as encapsulated in its Technical Standards and Guidelines.
For those with an interest in digital reporting in the US, the Financial Accounting Standards Board (FASB) is currently seeking feedback on two sets of taxonomy updates.
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