The non-profit community improving U. S. reporting through a free, open standard
The Data Quality Committee released version 14 of freely-available rules and guidance in February.These 66 rules are automated checks helping US GAAP and IFRS filers detect and resolve inconsistencies or errors in XBRL-formatted financials before submission to the Securities and Exchange Commission.
Are XBRL data better at predicting future stock returns?
Steven Huddart, Smeal College of Business, Penn State University
The flexibility, timeliness, and granularity of freely available, as-filed XBRL data has advantages that sophisticated data users should consider.
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.