The Committee and the Rules Working Group are responsible for developing guidance and validation rules that can prevent or detect inconsistencies or errors in XBRL data filed with the SEC. Working within the Guiding Principles for Element Selection, they focus on data quality issues that adversely affect data consumption and analysis and prioritizes issues based on input from users.
Approximate Public Exposure Periods for DQC Rules and Guidance
- April 15 – May 31
- July 15 – August 31
- November 15- December 31
Generally, rules are considered for approval within 45 days of Public Exposure, and effective within 90 days of approval.
Together, the Working Group and Committee provide an open collaborative process with stakeholders through exposure of proposed guidance and validation rules for public comment.
Read the DQC Participants Policy.
The Rules Development Working Group is composed of members of the Center for Data Quality and is responsible for the initial development of data quality rules and guidance exposed for public comment by the Data Quality Committee. This group meets every two weeks to review filing patterns, consider data quality issues and propose automated rules and guidance to help filers create quality data for regulatory reporting.
The Members of the Rules Development Working Group are:[ww_widget id="11438"]
Shelly Wavrin joined Toppan Merrill in July 2012. Shelly supports international and domestic filers to meet their Interactive Data requirements with the Securities Exchange Commission (SEC), and is responsible for developing, implementing and managing XBRL technical training programs. She is a member of the IFRS Taxonomy Consultative Group and a member of the FASB Taxonomy Advisory Group.
Shelly has more than twenty years of professional experience in private industries and public accounting. Before joining Toppan Merrill, Shelly worked for a number of international consulting and public accounting firms. Her services are concentrated on consulting and other assurance related engagements rendered to public entities registered with the SEC as well as to private equity portfolio companies.
Shelly graduated from National ChengChi University in Taiwan with a B.A in Accounting, and received her MBA from University of Birmingham in England.
Ami Beers, The American Institute of Certified Public Accountants (AICPA)
Bryan Bracey, CIGNA
Lisa Cousino, Broadridge Financial Solutions
Chad Fleming has worked in SEC Reporting since 2006 as corporate accountant, database admin, business analyst, developer, and product owner. Chad has been with DFIN since 2010 as product owner for Consolidated Validation. During that time, Chad developed DFIN’s Platinum validation level with over 2,000 dynamic rules, in addition to several other stand-alone validations. He also developed Chad's Tools Utility (CTU) an auto-tagging software for DFIN that tags 9,000+ filings per year. Chad earned his Bachelor of Business Administration in Accounting and Bachelor of Science in Research Psychology from the University of Michigan, Flint.
Sonny Jablonski, Workiva
Campbell Pryde brings significant experience in technology development, accounting and finance to XBRL US. Before taking on the President and CEO position, Mr. Pryde led the development and maintenance of taxonomies as Chief Standards Officer, playing an integral role on the executive team. Mr. Pryde joined XBRL US from Morgan Stanley, where as Executive Director in the Institutional Securities Group, he managed the equity research XBRL-based valuation framework. He has been involved with XBRL since 2001, and served as Chairman of the XBRL US Domain Steering Committee during the critical initial build of the US GAAP Taxonomy under contract with the Securities and Exchange Commission. Prior to joining Morgan Stanley, Mr. Pryde was a Partner in the Risk and Advisory Practice of KPMG LLP. He is a member of the New Zealand Institute of Chartered Accountants.
Kelli Stratton is a Sr. XBRL Consultant at insightsoftware. Kelli has been assisting and supporting clients with their SEC filings since June of 2010. She has watched the XBRL mandates change and evolve over the years. Prior to joining insightsoftware she spent her accounting days in the private sector as an accounting manager. Kelli graduated from Metropolitan State University with a Bachelor's degree in Accounting.
With over 20 years of experience as a licensed CPA, Jason joined EdgarAgents during 2022 as Director of XBRL Services. Jason's accounting background is focused on the financial reporting needs of publicly traded companies and he has provided XBRL guidance to clients since the mandate was introduced in 2009. In addition to leading an EdgarAgents team of XBRL experts, Jason is also actively involved with several organizations dedicated to improving the usability and quality of XBRL data.
Scott Theis, Novaworks
Paul is the CFO at RDG Filings and has worked in the SEC Compliance field since June, 2010. Prior to joining RDG, Paul was in Public Accounting. He is a graduate of Boise State University with a Bachelor's degree in Accounting and Marketing, and has been a licensed CPA in the state of Idaho since 2010.
The Data Quality Committee includes representatives from data aggregators, institutional investors, the accounting profession and academia. The DQC's activities include:
- Obtaining input through public exposure of proposed guidance and validation rules for a forty-five day period and incorporating the input, as appropriate, in the final approved guidance and validation rules.
- Reviewing and approving unambiguous guidance on how to tag financial data with freely available, automated validation rules to verify compliance with its guidance and to prevent or detect tagging errors.
- Providing progress updates to SEC staff and input to FASB staff to aid in simplifying and improving the US GAAP Taxonomy.
The Members of the Data Quality Committee are:[ww_widget id="11438"]
Shelly Wavrin joined Toppan Merrill in July 2012. Shelly supports international and domestic filers to meet their Interactive Data requirements with the Securities Exchange Commission (SEC), and is responsible for developing, implementing and managing XBRL technical training programs. She is a member of the IFRS Taxonomy Consultative Group and a member of the FASB Taxonomy Advisory Group.
Shelly has more than twenty years of professional experience in private industries and public accounting. Before joining Toppan Merrill, Shelly worked for a number of international consulting and public accounting firms. Her services are concentrated on consulting and other assurance related engagements rendered to public entities registered with the SEC as well as to private equity portfolio companies.
Shelly graduated from National ChengChi University in Taiwan with a B.A in Accounting, and received her MBA from University of Birmingham in England.
Bryan Bracey, CIGNA
Adrien Cloutier, Morningstar, Inc.
Campbell Pryde brings significant experience in technology development, accounting and finance to XBRL US. Before taking on the President and CEO position, Mr. Pryde led the development and maintenance of taxonomies as Chief Standards Officer, playing an integral role on the executive team. Mr. Pryde joined XBRL US from Morgan Stanley, where as Executive Director in the Institutional Securities Group, he managed the equity research XBRL-based valuation framework. He has been involved with XBRL since 2001, and served as Chairman of the XBRL US Domain Steering Committee during the critical initial build of the US GAAP Taxonomy under contract with the Securities and Exchange Commission. Prior to joining Morgan Stanley, Mr. Pryde was a Partner in the Risk and Advisory Practice of KPMG LLP. He is a member of the New Zealand Institute of Chartered Accountants.
Charles Kessler is a Data Steward with S&P Global Market Intelligence who specializes in fundamental data. He is responsible for content and policy decision-making as it pertains to general fundamentals, and is a subject matter expert on the Compustat database. He monitors changes in financial reporting and its impact on data aggregation, and consequently is well-versed in U.S. GAAP and IFRS reporting standards. Charles was previously a research analyst covering the ‘Gold & Precious Metals Mining' and 'Upstream Oil & Gas' industries, so he has a strong understanding of financial reporting from that perspective.
Gladimyr Sully, FactSet
Jennifer is a member of Equity Taxonomy Team in Bloomberg. She leads a Global Standardization group which is in charged with developing and implementing Fundamental data processing rules and standards. Tactically this would involve performing research on new accounting standards, facilitating discussions and creating new fields to adapt new rules for Bloomberg products. Ms Liu holds a master degree specialized in Accounting and is a Chartered Financial Analyst.
Pranav Ghai is Co-Founder and CEO of Calcbench. He is an analytics professional who has built expert systems that interact with information to return actionable ideas. The majority of Mr. Ghai’s professional career has been based in financial services, with time spent at Morgan Stanley and ITG. He is also a contributing member to the Microsoft Technical Computing Customer Advisory Board. Mr. Ghai graduated with a BS from Bates College and an MS in Applied Mathematics from the Courant Institute at New York University.
Permanent Observers
Vivek Baid and Kenny Ng, IASB
Izabela Ruta is Technical Manager at the International Accounting Standards Board (IASB). She is responsible for the development of the IFRS Taxonomy, mainly from the IFRS content perspective. She is also involved in the IFRS Foundation's global outreach activities to promote understanding and adoption of IFRS Standards and the IFRS Taxonomy. Before joining Taxonomy team, Izabela worked at the IASB for 6 years on developing IFRS 17 Insurance Contracts.
Izabela holds an MSc in Management and Marketing from the University in Lodz, Poland. She also worked for KPMG Poland for 6 years, where she was supervising audit teams.
As FASB Chief of Taxonomy Development, Louis Matherne is responsible for all aspects of the ongoing development and maintenance of the US GAAP Financial Reporting Taxonomy in support of the annual taxonomy release as required for use by Securities and Exchange Commission registrants. Prior to joining the FASB, Louis was Director of XBRL Services at Clarity Systems where he was responsible for providing XBRL leadership and subject matter expertise to Clarity Systems’ clients as well as sales and product development teams. Prior to joining Clarity Systems, Louis was a member of the Securities and Exchange Commission’s XBRL project team that developed the US GAAP taxonomy.
Prior to joining the SEC project, Louis was a Director with the American Institute of CPAs, most recently as Director XBRL. In that capacity, Louis also served as the Founding President of XBRL International. Prior to joining the AICPA, Louis achieved more than 15 years of accounting, auditing and related experience at Grant Thornton while based in New Orleans, Philadelphia, the UK Accounting and Auditing Group in London, and ultimately landing in the US Accounting and Auditing Group in New York. Louis has been deeply involved with XBRL from its inception in 1999 and has been referred to as one of the Founding Fathers of XBRL.
Members can be contacted by email DQC@xbrl.us.
View company-specific data quality filing results and aggregated results for selected rules.
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