The Committee is responsible for developing guidance and validation rules that can prevent or detect inconsistencies or errors in XBRL data filed with the SEC. The Committee focuses on data quality issues that adversely affect data consumption and analysis and prioritizes issues based on input from users. The Committee provides an open collaborative process with stakeholders through exposure of its proposed guidance and validation rules for public comment. Members of the Committee include representatives from software providers, data aggregators, institutional investors, the accounting profession and academia. To contact the Data Quality Committee email DQC@xbrl.us. The Committee’s key activities include:
- Developing unambiguous guidance on how to tag financial data using XBRL and freely available, automated validation rules to verify compliance with its guidance and to prevent or detect tagging errors.
- Obtaining input through public exposure of its proposed guidance and validation rules for a sixty day period and incorporating the input, as appropriate, in the final approved guidance and validation rules.
- Providing progress updates to SEC staff and input to FASB staff to aid in simplifying and improving the US GAAP Taxonomy.
J.W. Mike Starr joined the Workiva team in 2012 where he is Vice President, Governmental and Regulatory Affairs and a subject matter expert on issues related to financial data policies and financial and regulatory reporting. Before joining Workiva, Starr served for two years as Deputy Chief Accountant for policy in the Office of the Chief Accountant of the U.S. Securities and Exchange Commission where he focused on understanding investors’ financial information needs and the role of structured data in meeting those needs. He was previously an audit partner with Grant Thornton LLP (GT) for 30 years. He concluded his career at GT as the Chief Operating Officer for Grant Thornton International Ltd., where he played a key role in implementing the global strategy and oversaw public policy and other critical functions. Prior to that, he was a member of GT’s U.S. senior leadership with responsibility for the assurance and advisory practices and professional standards among other significant practice areas.
He is currently a member of the boards of the Data Transparency Coalition and XBRL US. His past professional affiliations have included Founding member of the Enhanced Business Reporting Consortium, Board of Directors of Illinois Society of Certified Public Accountants, International Regulatory Liaison Group of the International Federation of Accountants, NASDAQ Hearing and Listing Review Council, Chair of the Regulatory Working Group and a member of the Global Public Policy Committee, and American Institute of Certified Public Accountants (AICPA) - Chair, Assurance, Services Executive Committee; Chair, Special Committee on Enhanced Business Reporting; Member, SEC Practice Section Executive Committee; Member, SEC Regulations Committee.
Mike earned a Bachelor of Science in accounting from Oklahoma State University (OSU). In 2010, he was recognized as an OSU distinguished accounting alumnus and inducted into the School of Accounting Hall of Fame.
As Vice President – XBRL Services at Merrill Corporation, Lou Rohman has provided XBRL leadership and subject matter expertise to a wide range of client companies, working closely with individuals to enhance their understanding of XBRL and to provide the guidance needed to successfully produce, implement and confidently move forward with XBRL.
He is currently a member of both the Financial Accounting Standards Board’s US GAAP Taxonomy Advisory Group and the IFRS Foundation’s XBRL Quality Review Team. He also has been an active participant on the US GAAP taxonomy project team of XBRL US.
He has 10 years of public accounting experience, followed by leadership positions as Director of External Reporting, Sr. Finance Officer, IT Controller, and Director of Mergers and Acquisitions at leading companies.
Lou has an MBA degree with a concentration in Finance. He is a member of the American Institute of Certified Public Accountants and the Institute of Management Accountants and has an Advanced Project Management Certification from Stanford University.
Pranav Ghai is Co-Founder and CEO of Calcbench. He is an analytics professional who has built expert systems that interact with information to return actionable ideas. The majority of Mr. Ghai’s professional career has been based in financial services, with time spent at Morgan Stanley and ITG. He is also a contributing member to the Microsoft Technical Computing Customer Advisory Board. Mr. Ghai graduated with a BS from Bates College and an MS in Applied Mathematics from the Courant Institute at New York University.
Emily Huang is the CEO and Co-Founder of idaciti. idaciti is a FinTech platform that provides curated financial & non-financial data and empowers both corporate users and investment community to create and share compelling narratives and analyses with data. Prior to co-founding idaciti, Emily has also co-founded Rivet Software in 2003 with Mike Rohan. Rivet’s disclosure management application is widely used by US filers since 2009. Emily is the inventor of 5 US software patents for XBRL data creations and consumption.
Minu Palani is Manager, Financial Analytics and Data Integrity at S&P Capital IQ where her responsibilities include managing third party fundamental data feeds, quality checks for incoming fundamental data, vendor relations, and special projects to enhance content offerings within the dataset. She also creates, designs and implements technical solutions for data issues and works closely with other business units to design, implement and maintain fundamental data integration. Before taking on this role, Ms. Palani was an international financial research analyst at Compustat. Before joining S&P, she was an Adjunct Lecturer at the University of Denver.
Campbell Pryde brings significant experience in technology development, accounting and finance to XBRL US. Before taking on the President and CEO position, Mr. Pryde led the development and maintenance of taxonomies as Chief Standards Officer, playing an integral role on the executive team. Mr. Pryde joined XBRL US from Morgan Stanley, where as Executive Director in the Institutional Securities Group, he managed the equity research XBRL-based valuation framework. He has been involved with XBRL since 2001, and served as Chairman of the XBRL US Domain Steering Committee during the critical initial build of the US GAAP Taxonomy under contract with the Securities and Exchange Commission. Prior to joining Morgan Stanley, Mr. Pryde was a Partner in the Risk and Advisory Practice of KPMG LLP. He is a member of the New Zealand Institute of Chartered Accountants.
Mohini Singh is a director in the Financial Reporting Policy Group at CFA Institute. Based in Charlottesville, her responsibilities include representing membership interests regarding financial reporting proposals of the IASB, the FASB and other regulators. She drafts comment letters and position papers in collaboration with members of the Corporate Disclosure Policy Council. In addition, she serves on the International Auditing and Assurance Standards Board Consultative Advisory Group and the FASB’s Disclosure Framework Resource Group.
Most recently she served as the Global Accounting Analyst leading CFA Institute’s IFRS implementation effort. Prior to joining CFA Institute, Ms. Singh served as a Policy Advisor for the Institute of International Finance where she worked on international policy initiatives in the areas of financial reporting and audit. She was also General Manager and Financial Controller of Disha, a service organization dedicated to development programs for the underprivileged, and an audit manager at KPMG supervising audits and conducting due diligence reviews.
She is an ACA and is a member of the Institute of Chartered Accountants in England and Wales.
Steve Soter is the Director of SEC Reporting for Overstock.com where he is responsible for overseeing Overstock’s quarterly financial reporting process, reviewing technical accounting research and accounting policy decisions, and managing the US parent company and global subsidiary financial statement audits. Prior to joining Overstock, Steve managed the SEC Reporting team at Nationstar Mortgage and was involved in its IPO. Steve worked as a financial statement auditor for Deloitte, received his MAIS from Arizona State University and his BS in Accounting from the University of Arizona.
Amit Varshney is a Vice President in HOLT at Credit Suisse. Prior to that he was a member of Accounting & Tax Equity Research team for 8 years at Credit Suisse. Before that Amit was an IT consultant in Financial Services industry. Amit is a Chartered Financial Analyst, a Financial Risk Manager and a member of CFA Institute, NYSSA and Global Association of Risk Professionals. He holds an MS in Computer Science (Application) from IIT Delhi, India.
As FASB Chief of Taxonomy Development, Louis Matherne is responsible for all aspects of the ongoing development and maintenance of the US GAAP Financial Reporting Taxonomy in support of the annual taxonomy release as required for use by Securities and Exchange Commission registrants. Prior to joining the FASB, Louis was Director of XBRL Services at Clarity Systems where he was responsible for providing XBRL leadership and subject matter expertise to Clarity Systems’ clients as well as sales and product development teams. Prior to joining Clarity Systems, Louis was a member of the Securities and Exchange Commission’s XBRL project team that developed the US GAAP taxonomy.
Prior to joining the SEC project, Louis was a Director with the American Institute of CPAs, most recently as Director XBRL. In that capacity, Louis also served as the Founding President of XBRL International. Prior to joining the AICPA, Louis achieved more than 15 years of accounting, auditing and related experience at Grant Thornton while based in New Orleans, Philadelphia, the UK Accounting and Auditing Group in London, and ultimately landing in the US Accounting and Auditing Group in New York. Louis has been deeply involved with XBRL from its inception in 1999 and has been referred to as one of the Founding Fathers of XBRL.
Andie joined the IFRS XBRL team at the beginning of 2012 and is now a part of the wider Disclosure Initiative which looks at all things disclosure and taxonomy. She is a data modeler, XBRL expert and quite keen on Ontology. Average working days include anything from working on ways to improve extensions in XBRL, modeling IFRS standards, working with the Conceptual Framework team, analysis of IFRS disclosures and developing the future model and management of the IFRS Taxonomy. She manages the consistency of the taxonomy with XBRL specifications and is currently a member of the XII Taxonomy Architecture Task Force. In previous roles she has worked at Ernst & Young with their XBRL team, for Atos Origin working on the Banco de España XBRL project and in the dim mists of time at DecisionSoft/Corefiling. Andie has also plied her trade as a data modeler and XML consultant on a number of other projects involving no XBRL whatsoever! In her spare time she dabbles in data analysis, photography and archaeology none of which bear any relation to her degree in Biological Sciences from Oxford.