Data from U.S. public companies has been produced in machine-readable format for over ten years. But data from U.S. federal, state and local governments is still posted in paper-based documents. Governments should be as accountable to taxpayers as corporations are to shareholders.
US GAAP and IFRS filers, investors, XBRL providers encouraged to participate The XBRL US Data Quality Committee (DQC) has published its 12th Ruleset for a 45-day public review and comment period, which closes on June 1, 2020. DQC rules aid US GAAP and IFRS issuers in preparing consistent, error-free financials, by providing automated checks that […more]
The XBRL US Center for Data Quality kicked off its twelfth public exposure period on April 15 and the comment period closes on June 1, 2020. The 45-day review period includes freely available, proposed rules. The Data Quality Committee seeks comment on three new automated validation rules. Investors, analysts, public company accountants, data aggregators, tool […more]
The XBRL US Center for Data Quality seeks comment on its Variable Interest Entities Guidance during a 45-day review period that will end on Friday, May 1, 2020. This Guidance is designed to address the introduction of the ConsolidatedEntitiesAxis in the 2020 US GAAP Taxonomy. US GAAP taxonomies up to 2019 included in the VIE […more]
DQC Rules are now available in the FASB US GAAP Taxonomy. Shouldn’t every SEC filer use them?
XBRL US announced today that the Financial Accounting Standards Board (FASB) has incorporated freely available validation rules into the 2020 release of the US GAAP Financial Reporting Taxonomy. The rules, developed by the XBRL US Data Quality Committee (DQC) are used by public company filers to identify and resolve errors in their XBRL financials prior […more]
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.
SEC filers, investors, XBRL providers encouraged to review and comment The XBRL US Data Quality Committee (DQC) has published its 11th Ruleset for a 45-day public review and comment period, which closes on January 3, 2020. DQC rules aid issuers in preparing consistent, error-free financials, by providing automated checks that test an XBRL-formatted financial statement […more]
The Taxonomy Development Handbook (TDH) is a comprehensive guide that directs regulators, industry experts, and businesses through a practical, consistent roadmap to building high quality data standards using XBRL. This draft release was developed by the XBRL US Domain Steering Committee (DSC) for a 90-day public review period that ends on February 21, 2020.
SEC Test Filing Warnings Q&A This Q&A is intended as general guidance prepared by the XBRL US DQC (Data Quality Committee), and should not be relied upon as authoritative. Filers are encouraged to consult with their own legal and/or with the SEC directly. Updated March, 2022 The SEC test filing system currently returns warnings for […more]
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