The non-profit community improving U. S. reporting through a free, open standard
Are you ready? New disclosure requirements from the Federal Energy Regulatory Commission (FERC) are right around the corner with quarterly forms required to be prepared in XBRL format as early as November and December of this year. XBRL US is the nonprofit standards organization that worked with the FERC to create the FERC XBRL Taxonomy […more]
SEC acknowledges (and uses) XBRL US DQC Rules
Ami Beers, CPA, CGMA, Senior Director, Assurance and Advisory Innovation — Public Accounting, AICPA; and Joan Berg, Toppan Merrill, and Chair, XBRL US Data Quality Committee
The SEC encouraged participation in the FASB XBRL US DQC Rules Taxonomy and published filing errors that matched DQC Rule #95.
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Public company accountants, financial service professionals, data providers, technologists, federal regulators and a growing number of industry groups view XBRL as an important component of transparency in the markets. These organizations support the business reporting standard by collaborating on XBRL US initiatives with other like-minded organizations and individuals. Learn about membership options for individuals and organizations and get started today.
Does your tool or service provider run Data Quality Committee rules on your XBRL filings using version 13 (effective for filings after December 31, 2020)?
If not, why not? Finding and fixing issues identified prior to filing ensures a company’s data conforms to over 50 industry-developed, publicly-reviewed quality checks, and gives the markets a clear picture of your company financials.
See real-time company-specific data quality filing results.