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]
We’ve been reviewing individual corporate filings for issues related to data quality since 2015. Have you checked YOUR XBRL filing?
SEC filers, investors, XBRL providers encouraged to comment, and to use approved Ruleset 9 The XBRL US Data Quality Committee (DQC) has published its 10th Ruleset for a 45-day public review and comment period, which closes on September 16, 2019. DQC rules are developed to aid issuers in preparing consistent, error-free financials, by providing automated […more]
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]
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]
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.
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.
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.
We’ve been reviewing individual corporate filings for issues related to data quality since 2015. Have you seen your company’s XBRL filing results?
Does your tool or service provider run Data Quality Committee rules on your XBRL filings using version 8 (effective for filings after May 8, 2019)?
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 your company financials.
See real-time company-specific data quality filing results.