The Data Quality Committee approved version 16 of freely-available rules and guidance in September. There are now 83 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.
Items tagged with "rules"
The Data Quality Committee (DQC) seeks comment through Friday, December 31 on eight new automated checks, including new rules for filers using the IFRS taxonomies. XBRL US Members and public company personnel can use our secure service to check their filings with version 17.
Attend a free webinar on Dec 9, explaining these rules and the comment process.
The DQC is holding a webinar on Wednesday, August 19 at 3 PM EDT to explain the new draft and finalized rules, and to review an in-depth analysis of recent trends in filer errors made in SEC submissions. Register for the free webinar.
XBRL US started a 90-day public exposure period on April 17 for the XBRL US Style Guide which has been revised and updated by the Domain Steering Committee. The comment period closes on July 17. The Style Guide is designed to be used by developers as they build new taxonomies or update existing taxonomies, to […more]
Public companies and XBRL US Members can use this free, secure service to check their filings against rules approved by the Data Quality Committee (DQC), as well as rules recently exposed for comment. There’s also a third-party tool available to check filings with DQC rules.
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. The Committee focuses on data quality issues that adversely affect data consumption and analysis and prioritizes issues based on input from users. The Committee provides an open collaborative process with stakeholders through exposure of its proposed guidance and validation rules for public comment. Members of the Committee include representatives from software providers, data aggregators, institutional investors, the accounting profession and academia.