Approximate Public Exposure Periods for DQC Rules and Guidance
  • August 1- September 15
  • November 1- December 15
  • May 1- June 15

Public review and comment is a critical part of the process of improving the usability of XBRL filed with the SEC. The Data Quality Committee sought comment on version 10 of the DQC Rules during a public exposure period of rules and guidance from August 1, 2019 through September 16, 2019. The latest approved and public exposure plugin releases are linked at right. See the schedule at right for approximate public exposure period timing.

Generally, rules are considered for approval within 45 days of Public Exposure, and effective within 90 days of approval.

Rules and Guidance Recently Exposed for Comment

DQC_0082

Disaggregation by Variable Interest Elements (VIE)

This rule addresses the inconsistencies in filing relative to VIE reporting, where the same facts are reported differently within a filing or across filings. This rule highlights if the filer has used one of these VIE elements so that filings can be consistently reported using the ConsolidatedEntitiesAxis.


DQC_0083

Consolidated Variable Interest Entities

This rule addresses the inconsistencies in filing relative to VIE reporting, where the same facts are reported differently within a filing or across filings. This rule highlights where a filer has used a different approach to represent the portion of the financial statements that are attributable to the VIE.


DQC_0084

Durational Aggregation

This rule addresses inconsistencies in tagging the same element from period to period. The rule flags the following data quality errors:

  • Values tagged with 0 instead of being tagged with nil
  • Inconsistent addition across periods
  • Two-way elements tagged with the inappropriate sign
  • Inappropriate element selection across periods
  • Inappropriate decimals



Comment