Approximate Public Exposure Periods for DQC Rules and Guidance
- April 15 - May 31
- July 15 - August 31
- November 15- December 31
Public review and comment is a critical part of the process of improving the usability of XBRL filed with the SEC. Generally, rules are considered for approval within 45 days of the close of public exposure for comment, and should be implemented in all filings within 90 days of approval.
During the Public Review period for version 28 the Data Quality Committee seeks comment on ten new automated checks for US GAAP filers, one new check for IFRS filers and 2025 non-negative elements, as well as updates to rules for filers using the US GAAP and IFRS taxonomies, from Saturday, August 2 through Tuesday, September 16, 2025.
The latest compiled rule releases and reference implementation code are linked at right. These resources can be used with Arelle - the free, open source XBRL processor - and the XULE rules engine. See the schedule in the inset box for approximate public exposure period timing.
For each rule or guidance item listed below, click the title to review its comprehensive documentation. To post your comments, you will need to login and agree to Terms and Conditions for Public Comments. Comments received can be reviewed without logging in.
When providing feedback about guidance or a rule, please consider the following:
- What is the concern with the proposed rule? Please be as specific as possible and include examples using data submitted to the SEC.
- How should the rule be revised?
- How does the revision to the rule improve the usability of the data?
Use this link for general feedback on all rules and guidance.
Public Exposure of Validation Rules & Guidance - RSS
Comments due by Tuesday, September 16, 2025:
US GAAP
This rule ensures that when a filer reports facts for shares outstanding (such as CommonStockSharesOutstanding or SharesOutstanding), they also report the corresponding facts for shares issued and shares authorized, as appropriate. This rule validates that filings do not omit required facts that provide a complete picture of a company’s equity structure. If shares outstanding and shares issued (or authorized) are the same, both concepts should be tagged. If shares authorized are unlimited, the appropriate “unlimited” concept should be used.
US GAAP
This rule ensures that key balance sheet concepts, such as Assets, AssetsCurrent, NoncurrentAssets, Liabilities, LiabilitiesCurrent, LiabilitiesNoncurrent, and StockholdersEquity are not reported as leaf items (i.e., without calculation children) in the balance sheet calculation linkbase.
US GAAP
This rule ensures that key equity related facts disclosed in the financial statements, such as Treasury Stock, Common Stock, Additional Paid-In Capital, Retained Earnings, Accumulated Other Comprehensive Income (Loss), Noncontrolling Interest, and Preferred Stock—are also included in the equity section of the balance sheet calculation relationships.
US GAAP
This rule ensures that when a filer reports an extensible enumeration fact value indicating the location of a face statement concept, the corresponding monetary fact value for that concept is also reported in the filing.
US GAAP
This rule ensures that filers use the appropriate standard members for the StatementGeographicalAxis, specifically when only two members are present: one representing the United States and one representing non-US regions.
US GAAP
This rule ensures that notional amount concepts, specifically DerivativeLiabilityNotionalAmount and DerivativeAssetNotionalAmount, are not reported with the InvestmentIdentifierAxis. This rule enforces correct dimensional tagging for derivative notional amounts, in accordance with SEC guidance, to promote accurate, complete, and consistent reporting in the Schedule of Investments (SOI).
US GAAP
This rule ensures that filers report a value for the element NonInvestmentAssetsLessNonInvestmentLiabilities when certain conditions are met in the filing. Specifically, if the filer has reported both AssetsNet and InvestmentOwnedAtFairValue in the same context, and AssetsNet has a calculation child of InvestmentOwnedAtFairValue as well as an extension item with a negative value, then the filer should also report a value for NonInvestmentAssetsLessNonInvestmentLiabilities.
US GAAP
This rule ensures that filers do not use the StatementTable element in the notes disclosures section of their filings. The StatementTable is intended to be used only in the face financial statements, not in the notes.
US GAAP
This rule ensures that filers report the NumberOfReportableSegments element whenever segment facts are disclosed in the filing. Even if a filer only has one segment, the number of reportable segments must be explicitly reported.
US GAAP
This rule ensures the value reported for `dei:EntityPublicFloat` is correctly scaled and falls within a reasonable range for both standard and small business filers.
IFRS
This rule ensures extension concepts used as leaf items (i.e., items with no calculation children) on the statement of operating activities or income statement are appropriately named.
Comment
You must be logged in to post a comment.