Lease costs can be negative in those cases where the lease is sub leased to another party and the sublease income exceeds the lease cost. This rule identifies those cases where the lease cost is negative and no Sublease Income is reported.
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 17 – the Data Quality Committee sought comment on eight new automated checks, including updates to rules for filers using the US GAAP or IFRS taxonomies, from November 15 through Friday, December 31, 2021.
The latest plugin releases are linked at right. See the schedule in the inset box for approximate public exposure period timing.
Rules and Guidance Recently Exposed for Comment
This rule identifies those cases where the calculations defined for the face financial statements (Statement of Changes in Shareholders Equity is not covered) in the company provided calculation linkbase do not match the actual values reported. The rule works through every element in the statement and checks if it has any calculation children. If it does it takes the values of the children in the default and checks that they add to the parent value.
This rule identifies those cases where the dimensional structures defined for the face financial statements (Statement of Changes in Shareholders Equity is not covered) in the company provided definition linkbase do not match the actual values reported.
The rule identifies a list of dimensions that should not have negative values and determines if any of the dimensionalized monetary values are greater than the default value. This uses the same list of elements used by rule 15 for validating negative items. The rule only checks dimensionalized values that appear on specific listed axes.
This rule evaluates whether a fact expressed with no dimensions is equal to the same fact expressed in a table with dimensions. In addition, this rule determines if the dimensional value should be the inverse of the same value represented as a line item.
This rule evaluates if the value reported for earnings per share metrics matches the value calculated from its components.
This rule detects of the value of a lease reported in the footnotes is greater than the balance sheet line item.
This rule identifies when an extension element is used instead of the standard element for OperatingLeaseRightOfUseAssetAmortizationExpense which was added to the 2020 US GAAP taxonomy.