P3 Data Systems

P3 Data Systems

A member of our Software and Services community since December, 2013.

The core belief of P3 Data Systems is that much of the data that a company requires for creating documents, whether to meet regulatory compliance needs or other business reporting needs, can come from a structured database, or a structured data repository. This structured data repository includes company concepts, which in turn is linked with […more]

XBRL US Data Quality Committee Launches Public Review for 9th Ruleset

SEC filers, investors, XBRL providers encouraged to review and comment The XBRL US Data Quality Committee (DQC) has published its 9th Ruleset for a 45-day public review and comment period, which closes on June 15, 2019. In addition to expanding on many existing rules, the latest ruleset contains a new category of checks that evaluates […more]

XBRL US Data Quality Committee Approves 7th Ruleset

8th Ruleset published for public review and comment period The XBRL US Data Quality Committee (DQC) has finalized, approved, and published its 7th Ruleset which includes 13 types of validation checks for filings prepared using the US GAAP Financial Reporting Taxonomy as well as two guidance documents. The DQC also published an 8th Ruleset for […more]

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 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 Certification

Does your tool or service provider incorporate the current version of approved XBRL US Data Quality Committee rules, and successfully run the rules on XBRL filings to produce expected results?

If not, why not? Finding and fixing issues identified prior to filing ensures a company’s data conforms to over 50 industry-developed, publicly-reviewed quality checks, and gives the markets a clear picture of company financials.

See real-time company-specific data quality filing results.