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Committee Suggests New Rules for XBRL Filings

Tammy Whitehouse | July 17, 2015

In the absence of a more proactive approach on the part of regulators, a self-appointed committee of XBRL advocates has developed guidance and rules that it hopes preparers will embrace and follow to produce better quality XBRL filings.

The XBRL US Data Quality Committee is made up of the XBRL US consortium and five software-and-services firms -- Merrill Corp., RDG Filings, RR Donnelley, Vintage, and Workiva -- all with a vested interest in the requirement for all public companies to provide their financial statement information to the SEC via the interactive data system. The American Institute of Certified Public Accountants also is a member of the Data...

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