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SEC Nudges Companies on XBRL Calculation Relationships

Tammy Whitehouse | February 1, 2016

The Securities and Exchange Commission has taken a small new step to help improve the accuracy of XBRL filings, but it’s still not clear when or how the commission might move forward with bigger measures that XBRL advocates are hoping to see.

The SEC staff recently updated its ongoing “Frequently Asked Questions” document on interactive data disclosures to address when calculation relationship are required in XBRL filings. Calculation relationships provide key information to show relationships among elements and their corresponding numeric facts. They enhance the quality of data by providing context to help interpret custom extensions and reduce the number of incorrect amounts that appear in XBRL renderings.

The FAQs point out that the EDGAR Filer Manual includes a specific requirement for calculation...

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