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Custom tag use in XBRL persists, SEC analysis shows

Tammy Whitehouse | October 10, 2017

Despite efforts to steer companies away from the creation of custom tags in XBRL exhibits, a recent analysis by the Securities and Exchange Commission shows little movement.

The SEC recently looked at 10-K filings from March 2014 through December 2016 and found the average rate of custom tagging in financial statement line items across all companies has held close to 20 percent. In 2014, the average was 20 percent across all companies, and 20 percent among large accelerated filers. By 2016, the average was only one percentage point lower across all companies at 19 percent, and only two percentage points lower at 18 percent for large accelerated filers.

When preparing their digitally interactive XBRL exhibits for filing with the SEC, companies use the annually updated GAAP Financial Reporting Taxonomy to select the individual tags that precisely define...

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