The interactive quarterly timeline graphs below show changes in the total number of errors identified by the Data Quality Committee (DQC) in public company financial reports accepted into the SEC’s EDGAR database.
Generally, application of the DQC’s freely-available, open-source rules and guidance has resulted in reduction of issues since the collaborative effort of industry stakeholders – filers, filing agents, data providers, academics, standard-setters and member associations – was launched in 2015. An increase in issues identified by each rule commonly corresponds to complexities associated with the annual filling period and/or subsequent revisions to the rule.
Hover over any of the bars to get totals by quarter. To view any chart in full screen, place your cursor over the x-axis (bottom), then click the full screen icon in the lower right corner of the graph. Depending on your connection speed, it may take a minute or two for these real-time graphs to load.
|This rule identifies filings where at least one element in a list defined by the rule does not appear in the cash flow presentation trees defined by the filer for the cash flow statement.
Cash Flow Opening and Closing Balances was initially approved by the DQC October, 2017.
|This rule identifies those instances where one element value is reported and no corresponding value is reported in the same period in the default dimension.
Element Dependence for Specific Elements was initially approved by the DQC October, 2017.
|This rule is intended to identify cases where a company’s cash flow includes discontinued operations as a summation-child to the periodic change in cash and cash equivalents (summation-parent), but the calculation tree does not include continuing operations as a summation-child.
Cash Flow Continuing Operations Elements not Used was initially approved by the DQC October, 2017.
|This rule identifies those cases where the filer has reported a cash flow statement but has not reported a value for the change in cash. This rule detects where an incorrect element, an inappropriate extension, an inappropriate dimension or a missing value has been used to represent the change in cash for the period.
No Fact Value for Change in Cash was initially approved by the DQC October, 2017.
|This rule identifies those cases where the filer has included the element InterestPaid as a presentation linkbase descendant of the element SupplementalCashFlowInformationAbstract but has not included the element InterestPaidNet as a presentation linkbase descendant of the element SupplementalCashFlowInformationAbstract.
Interest Paid Net (Operating) Not on Cash Flow was initially approved by the DQC October, 2017.
|This rule identifies if elements associated with the new revenue recognition standards are used in conjunction with elements from the previous revenue recognition standard.
Mutually Exclusive Elements was initially approved by the DQC October, 2018.
|This rule identifies those cases where the filer has reported the StatementGeographicalAxis in conjunction with a line item in the Compensation Related Costs and Retirement Benefits section of the taxonomy.
Geographical Axis Used with Pension Line Items was initially approved by the DQC October, 2018.
|This rule identifies those cases where the ownership interest elements are not used with the ownership axis. This rule is intended to ensure that filers follow the implementation guidance defined in the Dimensional Modeling for Disclosures of Consolidated and Nonconsolidated Entities guide published by the FASB.
Ownership Interest With No Ownership Axis was initially approved by the DQC October, 2018.
This rule checks if the filer has used an extension member that has a known taxonomy member in the Country or State and Province taxonomies. If an extension member is created that represents a country, a state or a province then an error is produced for every dimension that the member appears on.
Extension Members was initially approved by the DQC February, 2019.
|This rule tests whether the values for a given list of elements are negative. The rule does not test elements when a specified member is present which would allow the value to be negative.
Negative Values (IFRS only) was initially approved by the DQC February, 2019.
|The purpose of this rule is to identify incorrect calculation relationships defined in the filer taxonomy. These relationships are an indicator that the filer has selected an incorrect element.
Sibling Child Relationships was initially approved by the DQC July 15, 2019.
|This rule identifies where an element is defined in the presentation linkbase of the filing for the Income Statement, the Balance Sheet, the Statement of Cash Flows and the Statement of Comprehensive Income if it is reported separately.
FS with No Associated Calculation was initially approved by the DQC October 7, 2020.
NOTE: As these are real-time, the most recent quarter should not be considered as indicative of a trend.