White Paper: XBRL US Center for Data Quality, an industry initiative for the common good

XBRL US white paper “XBRL US Center for Data Quality, an industry initiative for the common good”, details timeline, milestone and accomplishments to date including significant reduction in errors, greater engagement with regulators and expanding usage of XBRL data.


XBRL US Data Quality Committee Solicits Input on 7th Ruleset and Guidance for SEC Filers

The Data Quality Committee is soliciting input on the 7th Data Quality Ruleset during a public review and comment period that will end on September 10, 2018.


XBRL US State & Local Govt Working Group Sends Comment Letter to SEC Investor Advisory Committee

XBRL US State and Local Disclosure Modernization Working Group formed to use standards to improve government financial transparency, enhance the efficiency of the municipal bond market, and aid efforts to streamline regulatory reporting, including grant reporting.


XBRL US Forms State and Local Government Disclosure Modernization Working Group

XBRL US State and Local Disclosure Modernization Working Group formed to use standards to improve government financial transparency, enhance the efficiency of the municipal bond market, and aid efforts to streamline regulatory reporting, including grant reporting.


XBRL US Data Quality Committee Approves Sixth Ruleset for IFRS and US GAAP Filings

The Data Quality Committee has approved and finalized IFRS validation rules, along with US GAAP rules in its 6th ruleset. Foreign private issuers and US GAAP filers should use the rules by the June 29, 2018 effective date.


IFRS Validation Rules Published in 6th RuleSet from XBRL US Data Quality Committee

For the first time, the Data Quality Committee has published IFRS validation rules, along with US GAAP rules in its 6th ruleset. Foreign private issuers are encouraged to participate in the public review of these new rules.


XBRL US Data Quality Committee Publishes Guidance on Cash Flow, Principles for Element Selection, & New Rules for SEC Filers

XBRL US announced that the Data Quality Committee (DQC) has published guidance for tagging the Statement of Cash Flow, along with two new automated rulesets, to help issuers prepare their XBRL financial statements, in addition, to Guiding Principles for Element Selection.


XBRL US Data Quality Committee Announces Cash Flow Guidance & 5th RuleSet in Public Review

XBRL US announced the start of its fifth public exposure period for guidance and rules developed by the Data Quality Committee (DQC), which is funded through the Center for Data Quality. The Committee is responsible for developing guidance and validation rules that can prevent or detect inconsistencies or errors in XBRL data filed with the SEC and focuses on data quality issues that adversely affect data analysis.


Data Quality Committee Announces 3rd Set of Approved Rules Covering Over 3,300 US GAAP Concepts

The freely-available rules and guidance developed by an industry coallaborative help public companies detect inconsistencies or errors in their XBRL-formatted financial data. Several tools are certified for implementation of the approved rules.


State and Local Government

A new XBRL US working group seeks to address standards related to state and local government annual financial reports by designing schemas and XBRL implementation(s) for open data reporting of state and local government actual financial results.