Items tagged with "data quality"

Approved Validation Rules

The Data Quality Committee released version 14 of freely-available rules and guidance in February.These 67 rules are automated checks that help filers using US GAAP and IFRS Taxonomies supported by the US Securities and Exchange Commission detect and resolve inconsistencies or errors in XBRL-formatted financial data.


Public Exposure for Comment – Data Quality Committee Rules

Thursday, April 15 - Monday, May 31, 2021
XBRL US Public Review
Read about rules and comment

The XBRL US Center for Data Quality kicked off its 15th public exposure period on April 15 and the comment period closes on May 31, 2021. The 45-day review period includes freely available, proposed rules. The Data Quality Committee seeks comment on nine new rules, including Fact Value Consistency Over Time for filers using the […more]


Public Exposure of Validation Rules & Guidance

The Data Quality Committee (DQC) seeks comment through Monday, May 31 on nine new rules for filers using the US GAAP and IFRS Taxonomy for US SEC reporting. XBRL US Members and public company personnel can use our secure service to check their filings with version 15, which includes approved and public exposure rules.


Center for Data Quality Committee Meeting

12 PM EDT Tuesday, June 29, 2021
XBRL US Web Conference
Register to attend

At this meeting, industry leaders will participate in discussions and plans for developing guidance and rules for use by public companies complying with the XBRL requirements of the US Securities and Exchange Commission. Learn about the Data Quality Committee.


Center for Data Quality Committee Meeting

9 AM EDT Wednesday, March 24, 2021
XBRL US Web Conference

At this meeting, industry leaders will participate in discussions and plans for developing guidance and rules for use by public companies complying with the XBRL requirements of the US Securities and Exchange Commission. Learn about the Data Quality Committee.


Application Certification Process

  v14 The Data Quality Committee approves rules 3-4 times per year, and XBRL US Members who participate in the Center for Data Quality and provide filing software to clients must be certified each time new rules are approved by the Committee. Center for Data Quality software providers earn DQC certification for a release by […more]


SEC acknowledges (and uses) XBRL US DQC rules

Ami Beers, CPA, CGMA, Senior Director, Assurance and Advisory Innovation — Public Accounting, AICPA; and Joan Berg, Toppan Merrill, and Chair, XBRL US Data Quality Committee

The SEC not only acknowledges the value of DQC rules, but indicates that the staff is using the rules themselves.


SEC Commissioner Lee “The Promise of Structured Data” at XBRL US Investor Forum

SEC Commissioner Allison Herren Lee gave a keynote presentation “The Promise of Structured Data: True Modernization of Disclosure Effectiveness” at the XBRL US Investor Forum: Ready for Anything – Using Data in Perilous Times.  Her speech focused on the importance of data quality (and notes the contribution to quality improvements made by the XBRL US […more]


SEC Announces FASB Public Review of XBRL US Data Quality (DQC) Rules Taxonomy

The Securities and Exchange Commission announced that the FASB has issued a proposed XBRL US Data Quality Committee (DQC) Rules Taxonomy, along with a Technical Guide on the US GAAP Taxonomy and the DQC Rules Taxonomy. Read the SEC announcement Visit the Taxonomy Read the FASB Technical Guide


Public Exposure for Comment – Data Quality Committee Rules

Sunday, November 1 - Tuesday, December 15, 2020
XBRL US Public Review
Read about rules and comment

The XBRL US Center for Data Quality kicked off its 14th public exposure period on November 1 and the comment period closes on December 15, 2020. The 45-day review period includes freely available, proposed rules. The Data Quality Committee seeks comment on six new automated validation rules, including several for filers using the IFRS Taxonomy. […more]