XBRL US member PwC recently published an article, “The Competitive Advantage of Quality XBRL Data”, which articulates the value of XBRL data, particularly in times like these when automation and technology become even more important to aid in analyzing data and making rapid, insightful decisions. It also calls for the need for a robust data quality process for XBRL tagging and points out the value of XBRL US Data Quality Committee rules in helping filers. The articles points out common errors and the potential impact of those errors on filers and their stakeholders.
Read the article.
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