SEC acknowledges (and uses) XBRL US DQC rules
The SEC not only acknowledges the value of DQC rules, but indicates that the staff is using the rules themselves.
Webinar: DQC Rulesets 13 & 14 and FASB DQC Rules Taxonomy
Attend this one-hour session for a review of the latest DQC Rulesets 9 and 10, plus a conversation with an SEC filer member of the DQC.
August 2020 Newsletter
August, 2020 The Financial Accounting Standards Board (FASB) published EE 2.0 impact on XBRL service providers and software. The impact study, called Extensible Enumerations 2.0 Implementation Impact on Service Providers and XBRL Creation Software – Are You Ready?, addresses the implementation of this new XBRL International technical specification in the 2021 US GAAP Taxonomy. Providers […more]
We can do better at supporting small business.
The SBA’s Paycheck Protection Program distributed $500 billion to nearly 4.9 million businesses. This funding was critical to helping small business. But it could have been more effective if loan and grants data was collected in structured, machine-readable format.
June 2020 Newsletter
June, 2020 XBRL US CEO blogs about “Single audit, data standards and the GREAT Act”. President and CEO Campbell Pryde explains the importance of understanding all the facts behind how Single Audit reports are prepared today, and how data standards required in the GREAT Act are designed to improve the process for grantees, auditors, government […more]
SEC Updates Custom Tag Trend Analysis
The Securities and Exchange Commission published an updated analysis of custom tag rate trends which shows a slight decline in the use of custom tags (from 18% to 17%) for all filers. The biggest decline in the use of custom tags was from large accelerated filers which was offset by an increase among smaller reporting […more]
April, 2020 Newsletter
April, 2020 Economic difficulties brought on by the COVID-19 crisis highlight the value of timely, accurate, consistent data to aid in the administering of loan programs like the small business loans in the CARES stimulus package, and in other relief programs we’re likely to see down the road. Congress has approved billions in funds for […more]
DQC Rules are now available in the FASB US GAAP Taxonomy. Shouldn’t every SEC filer use them?
DQC Rules are now available in the FASB US GAAP Taxonomy. Shouldn’t every SEC filer use them?
XBRL Data Quality Checks Available in FASB US GAAP Financial Reporting Taxonomy
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]
