Data Quality Committee Announces 3rd Set of Approved Rules Covering Over 3,300 US GAAP Concepts

The freely-available rules and guidance developed by an industry coallaborative help public companies detect inconsistencies or errors in their XBRL-formatted financial data. Several tools are certified for implementation of the approved rules.


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Aggregated Real-time Filing Errors (5)

Application of the Data Quality Committee’s (DQC) freely-available, open-source rules and guidance by public companies and their filing agents as partners has resulted in reduction in the overall number of issues noted by the DQC in EDGAR filings since the collaborative effort of industry stakeholders – filers, filing agents, data providers, academics, standard-setters and member associations – was launched in 2015.


DQC_0069
Approved
Oct 10, 2018

Plan Asset Categories Component Members

This rule identifies those cases where the following elements have not been tagged with appropriate members and values and checks that they are tagged appropriately based on FASB guidance. These two elements must be used in conjunction with the axis DefinedBenefitPlanByPlanAssetCategoriesAxis.

  • DefinedBenefitPlanPlanAssetsInvestmentWithinPlanAssetCategoryAmount
  • DefinedBenefitPlanAmountOfEmployerAndRelatedPartySecuritiesIncludedInPlanAssets

DQC_0001
Approved
Sep 29, 2016

Axis with Inappropriate Members

Certain axes in the US GAAP taxonomy should only have certain members as shown in the US GAAP taxonomy. This rule tests whether these axes have inappropriate members.


DQC_0049
Approved
Oct 4, 2017

Single Calculation Tree for Change in Cash Flows

This rule identifies when a single calculation tree has not been used to represent the increase or decrease in cash for the period.


DQC_0048
Approved
Oct 4, 2017

Required Calculation Parent Element in the Cash Flow Statement

This rule identifies filings where at least one element in a defined list does not appear as a root node in any cash flow calculation trees defined by the filer. The rule identifies a cash flow calculation tree (extended link role) by assuming the same role is used for the presentation tree.


DQC_0060
Approved
Oct 4, 2017

Element Dependence for Specific Elements

This rule identifies those instances where one element value is reported and no corresponding value is reported in the same period in the default dimension.


DQC_0061
Approved
Oct 4, 2017

Cash Flow Continuing Operations Elements not Used

This rule is intended to identify cases where a company’s cash flow includes discontinued operations as a summation-child to the periodic change in cash and cash equivalents (summation-parent), but the calculation tree does not include continuing operations as a summation-child.


DQC_0045
Approved
Oct 4, 2017

Movement of Concepts between Calculation Trees

This rule identifies the calculation descendants of an element in the calculation linkbase of the US GAAP taxonomy and compares the set of elements to the calculation descendants of a second element used in the company’s extension calculation linkbase. The rule creates a set of elements from the US GAAP taxonomy and compares the set to the descendants of the element in the extension taxonomy and flags an error if the two sets intersect. The rule identifies inappropriate calculation descendants in the company’s extension filing.


DQC_0046
Approved
Oct 4, 2017

Inappropriate Calculation Descendant

This rule tests whether certain elements in the calculation linkbase are descendants of a parent concept.