Items tagged with "data quality"

Approved Validation Rules

The Data Quality Committee approved version 17 of freely-available rules and guidance in January. There are now 91 automated checks helping US GAAP and IFRS filers detect and resolve inconsistencies or errors in XBRL-formatted financials before submission to the Securities and Exchange Commission.


SEC CEF and BDC Q&A

SEC CEF and BDC Q&A Do the Risk Factors section of the 10-Q or 10-K need to be tagged if the company refers to the prior filing that indicates there are no further updates or changes? A: It is assumed if the risk factors are not tagged this infers that the risk factors have not […more]


FASB Launches Public Review for DQCRT

The Financial Accounting Standards Board (FASB) announced the start of a public review period for the proposed 2023 DQC Rules Taxonomy (DQCRT) which adds the following DQC Rules: • DQC 0013: Negative Values with Dependence • DQC 0015: Negative Values • DQC 0047: Calculation Descendants with No Balance Type • DQC 0053: Excluded Members from […more]


Public Exposure for Comment – Data Quality Committee Rules and Guidance

Friday, July 15 - Wednesday, August 31, 2022
XBRL US Public Review
Read about rules and comment

The XBRL US Center for Data Quality kicked off its 19th public exposure period on July 15 and the comment period closes on August 31, 2022. The 45-day review period includes freely available, proposed rules. The Data Quality Committee seeks comment on three new rules and an Investment Schedule Guidance FAQ for US GAAP taxonomy […more]


Public Exposure of Validation Rules & Guidance

The Data Quality Committee (DQC) seeks comment through Wednesday, August 31 on three new automated checks for US GAAP filers and corresponding Guidance as an FAQ supplement to FASB’s Implementation Guide: Financial Instruments – Debt Securities. XBRL US Members and public company personnel can evaluate these rules with our secure service to check their filings with version 19.


Center for Data Quality Committee Meeting

9 AM ET Wednesday, September 21, 2022
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.


XBRL US Data Quality Committee Publishes 5 New Rules in 18th Draft Rule Set for US GAAP Filers

The XBRL US Data Quality Committee (DQC) has published its 18th Rule Set for a 45-day public review and comment period, which closes on May 30, 2022. The freely available DQC rules are developed through a collaborative process with stakeholders by exposing proposed guidance and validation rules for public comment. The Financial Accounting Standards Board […more]


Public Exposure for Comment – Data Quality Committee Rules

Friday, April 15 - Tuesday, May 31, 2022
XBRL US Public Review
Read about rules and comment

The XBRL US Center for Data Quality kicked off its 18th public exposure period on April 15 and the comment period closes on May 31, 2022. The 45-day review period includes freely available, proposed rules. The Data Quality Committee seeks comment on five new rules. Investors, analysts, public company accountants, data aggregators, tool and service […more]


Consistency + Change = Opportunity

By David Tauriello, Vice President of Operations, XBRL US “… consistency is the hobgoblin of little minds … “ -Ralph Waldo Emerson As Emerson suggested, consistency in thought can limit imagination and innovation – consistency in data is a different story altogether. In the last six months, the global financial data environment has seen an […more]


Center for Data Quality Committee Meeting

12 PM ET Wednesday, June 29, 2022
XBRL US Web Conference
Agenda and Materials

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.