The Data Quality Committee – a collaborative of public companies, service providers and others working to improve standardized financial reporting – approved rules related to versions 4 and 5 and guidance for the Statement of Cash Flows in October, 2017. These freely-available resources help public companies detect inconsistencies or errors in their XBRL-formatted financial data.
Items tagged with "data quality"
David Tauriello, Vice President, Operations, XBRL US Since the U.S. Securities and Exchange Commission (SEC) mandated XBRL formatting for periodic reporting almost 10 years ago, the age-old, critical accounting task of ‘tick and tie’ has become a digitally-driven task for public company reporting personnel and their partners. Creating good quality, computer-readable financials is more than […more]
David Tauriello, Vice President, Operations, XBRL US
Learning where to find, as well as how to build, influence and use Data Quality Committee and XBRL US resources is an essential part of hands-on professional development necessary to financial reporting. This month, we added recognitions to the XBRL Achievements program to acknowledge individuals who are actively raising quality of, and using, standardized data.
This half-day forum provides practical information about where you can get structured data on US and non-US companies, on who’s using this data today, and a step-by-step discussion on how to get started using XBRL data within your own organization.
Advance registration is required. XBRL US Members are invited to attend our Annual General Meeting and Luncheon prior to this event.
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.
Attend this free webinar to learn about a new set of Data Quality Committee rules available for public comment until September 5, 2017. SEC registrants, accounting professionals and filing agents as well as tool and service providers should attend.
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.
In the current public exposure period of rules and guidance for public company filers, the Data Quality Committee seeks comment on the materials through Tuesday, September 5, 2017. XBRL US Members and public company personnel can use our secure service to check their filings with approved and public exposure rules.
Watch webinar replay on Cash Flows Guidance.
The XBRL US Center for Data Quality kicked off its fourth public exposure period on June 30 and the comment period closes on August 15. The 45-day review period includes two new rules – Reversed Calculation and Dimensional Equivalents – as well as additions to the existing Negative Values rule. Investors, analysts, public company accountants, […more]
The XBRL US Center for Data Quality kicked off its fifth public exposure period on July 19 and the comment period closes on September 5. The 45-day review period includes freely available, proposed rules, in addition to a detailed guide on how to prepare XBRL-formatted cash flow statements that produce good quality financial data. The […more]