Quality group proposes XBRL rules to reduce errors
The article announces that the Data Quality Committee of XBRL US, a consortium advocating digital financial reporting, has developed guidance and validation rules that can prevent or identify errors on XBRL data filed with the US Securities and Exchange Commission (SEC). Topics covered include errors that can be detected by the validation rules, the members of the committee, and the comment of committee chair Mike Starr on the rules.
A look at trends and challenges for XBRL filers
A new report finds some interesting trends on how companies are incorporating and using XBRL, the interactive digital tagging system for financial reporting. According to the survey, companies are bringing more of their XBRL process in house, although they continue to face several challenges with preparing XBRL filings and remain concerned about its usefulness compared to its cost.
XBRL system finally starting to show progress
As the smallest public companies complete the final phase of the multi-year XBRL rollout in 2013, the digital tagging system for corporate financial reports is showing progress.
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