Approximate Public Exposure Periods for DQC Rules and Guidance
  • April 15 – May 31
  • July 15 – August 31
  • November 15- December 31

Public review and comment is a critical part of the process of improving the usability of XBRL filed with the SEC. Generally, rules are considered for approval within 45 days of the close of public exposure for comment, and should be implemented in all filings within 90 days of approval.

In its latest Public Review period – version 19 – the Data Quality Committee seeks comment on three new automated checks, including updates to rules for filers using the US GAAP taxonomies, from July 15 through Wednesday, August 31, 2022.

The latest compiled rule releases and reference implementation code are linked at right. These resources can be used with Arelle – the free, open source XBRL processor – and Xule rules engine. See the schedule in the inset box for approximate public exposure period timing.

For each rule or guidance item listed below, click the title to review its comprehensive documentation. To post your comments, you will need to login and agree to Terms and Conditions for Public Comments. Comments received can be reviewed without logging in.

When providing feedback about guidance or a rule, please consider the following:

  • What is the concern with the proposed rule? Please be as specific as possible and include examples using data submitted to the SEC.
  • How should the rule be revised?
  • How does the revision to the rule improve the usability of the data?

Use this link for general feedback on all rules and guidance.

Public Exposure of Validation Rules & Guidance - RSS

Comments due by Wednesday, August 31, 2022:

DQC_0139

US GAAP

Bank Ratios – Scale Issues

This rule resolves the issue where the capital adequacy ratios are reported with an incorrect scale. It also ensures that filers have used the appropriate elements to report their capital adequacy ratios.


DQC_0140

US GAAP

Investment Schedule Cross Calc

This rule is intended to identify those cases where the company has misused elements in the investment schedule showing the difference in amortized cost and fair value. The rule checks that the investment schedule that shows the difference between amortized cost and fair value is calculated correctly.


DQC_0141

US GAAP

Inconsistent Accrued Interest Elements

The rule ensures that the correct elements are used in the investment schedule. Specifically it ensures that consistent elements are used for including and excluding accrued interest elements in the investment disclosure.


Guidance - Investment Guidance FAQ

1 comment

US GAAP

Investment Guidance FAQ

This guidance is intended to supplement the guidance provided by the FASB Implementation guide Financial Instruments – Debt Securities.



Comment