Mistakes in XBRL-tagged (eXtensible Business Reporting Language) financial disclosures remain a major concern for companies, the U.S. Securities and Exchange Commission and the market.
To help filers tag XBRL data accurately XBRL US and several major companies have established the XBRL US Center for Data Quality. This initiative seeks to address public concerns about XBRL and improve the quality and usability of XBRL-tagged financial data filed with the SEC.
Read more: http://daily.financialexecutives.org/the-xbrl-us-center-for-data-quality-how-it-will-help-filers-produce-accurate-xbrl-disclosures/
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