Aggregated Real-time Filing Errors (5)

The interactive quarterly timeline graphs below show changes in the total number of errors identified by the Data Quality Committee (DQC) in public company financial reports accepted into the SEC's EDGAR database.

Check out company-specific data quality filing results.

Generally, application of the DQC's freely-available, open-source rules and guidance has resulted in reduction of issues since the collaborative effort of industry stakeholders - filers, filing agents, data providers, academics, standard-setters and member associations - was launched in 2015. An increase in issues identified by each rule commonly corresponds to complexities associated with the annual filling period and/or subsequent revisions to the rule.

Hover over any of the bars to get totals by quarter. To view any chart in full screen, place your cursor over the x-axis (bottom), then click the full screen icon in the lower right corner of the graph. Depending on your connection speed, it may take a minute or two for these real-time graphs to load. Browse more graphs: page 1 || page 2 || page 3 || page 4 || page 5.

In the 2020 taxonomy, the definition of the maturity schedule elements has changed. The changes in the 2020 taxonomy will require retagging of most subsequent quarterly filings. This rule is intended to check that the changes in the 2020 taxonomy are applied to the instance documents using this taxonomy.

US Maturity Schedules was initially approved by the DQC Jul 15, 2020.

 The rule compares the values of the two elements and reports an error if one of the numbers is more than 100 times larger than the other number.

Scale – Common Stock Outstanding was initially approved by the DQC Jul, 2020.

This rule identifies where the element ContractWithCustomerLiabilityRevenueRecognized (Contract with Customer, Liability, Revenue Recognized) is greater than the value of ContractWithCustomerLiability reported in the instance.

Liability Revenue Recognized was initially approved by the DQC Oct 7, 2020.

 This rule identifies where an element is defined in the presentation linkbase of the filing for the Income Statement, the Balance Sheet, the Statement of Cash Flows and the Statement of Comprehensive Income if it is reported separately.

FS with No Associated Calculation was initially approved by the DQC Oct 7, 2020.
This rule identifies where the filer has reported a fact value which uses the axis InvestmentsByConsolidatedAndNonconsolidatedEntitiesAxis. The rule checks for the existence of any facts that have used this axis and reports an error. This rule only exists for the 2020 taxonomy.

Invalid Consolidation Axis was initially approved by the DQC Nov 7, 2020.

 The rule identifies inappropriate calculation descendants of investing, financing or operating items in the company’s extension filing for the statement of cash flows. This rule identifies the calculation children of investing, financing or operating elements in the calculation linkbase of the IFRS taxonomy and compares the set of elements to the calculation children used in the company’s extension calculation linkbase.

Movement of Concepts between Calculation Trees (IFRS) was initially approved by the DQC Dec 15, 2020.
This rule tests that the values reported between element relationships that are identified as an accounting constant are consistent within the filing. For example Assets equals Liabilities plus Equity. The rule checks that the components of the calculation are present before checking the calculation.

Element Values Are Equal (IFRS) was initially approved by the DQC Dec 15, 2020.

 This rule identifies where filers have used a percentage item type (as defined in the IFRS taxonomy) with a value that is greater than the value of 10.

Invalid Value for Percentage Items (IFRS) was initially approved by the DQC Dec 15, 2020.
Certain axes in the IFRS taxonomy should only have certain members as shown in the IFRS taxonomy. This rule tests whether these axes have inappropriate members. This rule also tests whether only certain extended axes have custom members and, therefore, limits the use of custom or extended members.

Axis with Inappropriate Members (IFRS) was initially approved by the DQC Dec 15, 2020.

 The rule checks if a calculation is defined in any role of the company extension, not just the calculations associated with the roles used to define the presentation linkbase for the Income Statement, the Balance Sheet, the Statement of Cash Flows and the Statement of Comprehensive Income.

FS with No Associated Calculation (IFRS) was initially approved by the DQC Dec 15, 2020.
The rule identifies where the text block “Schedule Of Acquired Finite Lived Intangible Assets By Major Class Text Block” is used with a value on the Business Acquisition Axis.

Acquired Finite Lived Intangible Assets Text Block was initially approved by the DQC Jun 29, 2021.

 The rule identifies those facts that are only expected to grow over a reporting period. This rule is intended to identify those cases where the value of a monetary fact has a larger value reported than the value reported for another fact that represents the same concept, but over a longer duration of time. The rule also identifies any elements that cannot be negative but may increase or decrease over a measurement period.

Fact Value Consistency Over Time was initially approved by the DQC Jun 29, 2021.
This rule consists of a number of parts that check concentration risks are reported correctly. All of the parts use the line item ConcentrationRiskPercentage1.

Concentration Risk was initially approved by the DQC Jun 29, 2021.

  

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NOTE: As these are real-time, the most recent quarter should not be considered as indicative of a trend.

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