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Quality group proposes new XBRL rules to reduce errors

Tammy Whitehouse | July 7, 2016

The consortium advocating digital financial reporting has exposed for public comment guidance and  proposed voluntary validation rules that would help companies improve the quality of the data they submit in XBRL.

The Data Quality Committee of XBRL US is developing guidance and validation rules that can prevent or detect inconsistencies or errors in XBRL data filed with the Securities and Exchange Commission. The committee is looking for ways to improve data quality so as to help make the data submitted through XBRL more useful for analysis.

Starr-mike-0115The committee approved validation rules in November that help detect errors related to element values,...

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