WIP/Surety Working Group

The WIP Working Group is responsible for standardizing data in Work-in-Process reports and promoting the use of these standards for data collection in the surety underwriting process.


Communications Steering Committee (CSC)

The CSC has a mission of facilitating the adoption and widespread use of XBRL by the business reporting supply chain. The CSC engages members, government and the public at large to increase the awareness of the benefits of using XBRL data and build community among a diverse audience.


Small Business Administration Accepts XBRL Data for Surety Bond Guarantee Program

The Small Business Administration’s Surety Guarantee Program is now able to ingest XBRL-formatted Work-in-Process Reports, eliminating manual data entry for bond agents and contractors.


XBRL US Surety Working Group Initiates Public Review of Contractor Financials Data Standards

The XBRL US Surety Working Group, today announced the publication of a draft release of the Contractor Financials Taxonomy, which contains data standards to capture income statement and balance sheet information about contractors.


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.


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.


XBRL US Data Quality Committee Announces Publication of 2nd Set of Approved Rules and Guidance

Issuers encouraged to use the rules to identify and resolve data quality errors in financials XBRL US announced that it had published the second set of approved rules and guidance developed by the Data Quality Committee (DQC), which are now freely available for issuers to use to identify and correct errors in their filings. The […more]


XBRL US Data Quality Committee Announces Third Public Review Affecting 3000+ US GAAP Elements

XBRL US announced the start of its third 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.


Audit Firm Produces More Robust Analysis, Reduces Data Collection Time

BDO USA, LLP, the US member firm of BDO International, a global accounting network, was asked to evaluate the fair value of the intangible assets acquired as part of a business combination. A primary factor in this type of evaluation is determining the reasonableness of the underlying projections used to support the intangible asset values. […more]