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 the current Public Review period – version 20 – 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 November 15 through Saturday, December 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 Saturday, December 31, 2022:

DQC_0142

US GAAP

Typed Dimension Axis Restriction

This rule checks that the new typed dimensions to support Business Development Corporation (BDC) filings are defined correctly. The rule checks that each fact is associated with 1 typed dimension. Each fact should using a typed investment dimension, cannot use another explicit dimension. The only exception to the rule is the use of the explicit axis InvestmentCompanyNonconsolidatedSubsidiaryAxis, which was added as part of the BDC taxonomy upgrade.


DQC_0143

US GAAP

Derivative Position Extensible Enumeration

This rule checks that the extensible enumeration element DerivativePositionExtensibleEnumeration can only use two values. The two allows values are:

  • CallOptionMember
  • PutOptionMember

DQC_0144

US GAAP

No Balance Attribute in Financial Statements

This rule checks that extension monetary elements included in the balance sheet, income statement, cash flow statements and shareholders equity statements include a balance attribute. This is important so that data users have some idea what type of element the extension element is. If it is in the balance sheet then a credit is a liability or equity and if it is a debit then it is clear it is some kind of asset, thus allowing reasonable classification.


DQC_0145

US GAAP

Inappropriate Cash Flow Presentation

This rule looks at the presentation linkbase of the cash flow statement and income statement to determine that elements have been presented correctly. The rule has three parts.


DQC_0146

US GAAP

Incorrect Period Reported

This rule identifies incorrect period durations used in the income statement of the 10-K. The rule identifies where a company has reported a 10K but the majority of the values reported on the Income Statement are for a period other than a year. Although uncommon, this rule is provided to allow filers to detect if this situation has occurred.


DQC_0147

US GAAP

Incorrect Sign of Elimination Items

This rule identifies when a filer enters a positive value for an element using the elimination member (on the consolidated items access) when it should be negative. The rule uses the same logic as used for the non negative rule (DQC_0015)


DQC_0148

US GAAP

OCI Items In Income

This rule identifies if OCI items have been included in the calculation of net income.



Comment