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.

During the current Public Review period – version 21 – the Data Quality Committee seeks comment on seven new automated checks, as well as updates to rules for filers using the US GAAP and IFRS taxonomies, from April 15 through Wednesday, May 31, 2023.

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, May 31, 2023:



OCI Items in Income & Income in OCI

This rule identifies if OCI items have been included in the calculation of net income. The rule is being updated in version 21 to also identify if net income items are included in OCI.



Use of Noncurrent Assets

This rule is intended to ensure that filers use the NoncurrentAssets element appropriately. The element should be used for long-lived assets reported as part of the geographical segment (not a component of the balance sheet). The rule checks that the element is included in the ScheduleOfRevenuesFromExternalCustomersAndLongLivedAssetsTable.



Segment Reporting Inconsistencies

This rule checks for inconsistencies in segment reporting disclosure by identifying where filers have used inappropriate members or have excluded members on the consolidation items or segment axes. There are four components to this rule.



Financial Statement Table Placement

This rule identifies monetary items not included as primary items of the financial statement disclosure tables.



Tax Reconciliation Items

This rule checks the tax reconciliation disclosure and flags whether the following elements have been used correctly:

  • Foreign-derived intangible income
  • Global intangible low-taxed income
  • Base erosion and anti abuse tax
  • Foreign Income Tax Rate Differentials



Exchange Rate Effect Inconsistency

This rule checks that the exchange rate impact on the cash flow statement is calculated correctly. The rule flags when the element CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect excludes an effect of exchange rate element in its calculation.



Basic and Diluted Extension Elements

This rule identifies when filers create extensions to report basic and diluted amounts as a single element. Basic and diluted amounts are required to be tagged separately.