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XBRL US Data Quality Committee Solicits Input on 7th Ruleset and Guidance for SEC Filers

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Issuers and other stakeholders are invited to test the rules and
comment by September 10, 2018.

The XBRL US Data Quality Committee (DQC) has published its seventh set
of Data Quality Rules for a public review and comment period to end
September 10, 2018. DQC rules and guidance, which are freely available,
are designed to be used by issuers to identify and correct errors in
their SEC filings. The DQC, which is funded through the Center for Data
Quality, is responsible for developing guidance and validation rules
that can prevent or detect inconsistencies or errors in XBRL data filed
with the SEC, and focuses on data quality issues that adversely affect
data analysis.

Twelve new rules are included in the seventh ruleset, covering tagging
under the new revenue recognition standard, and potential problem areas
with tagging pension data.

Rules and guidance developed by the DQC are free and publicly available.
Issuers, vendors, analysts, and investors can test out the draft rules
and provide comments related to the rules through the public review
page: https://xbrl.us/data-quality/rules-guidance/public-review/.

The DQC has scheduled a webinar on August 29 to review the rules and
guidance for Ruleset 7. Register for this free, one-hour webinar: https://xbrl.us/events/20180829/.

Final rules are freely available for both US issuers filing in US GAAP,
and for foreign private issuers filing in IFRS. Issuers should use
approved rules for all filings prior to SEC submission through one of
these options:

Members of the XBRL US Center for Data Quality include Altova,
the American
Institute of CPAs (AICPA)
, Certent,
DataTracks,
Merrill
Corporation
, P3
Data Systems
and Toppan
Vintage
. For more information on the XBRL US Data Quality Committee
and the Center for Data Quality, go to: http://xbrl.us/data-quality.
For information on how to support better quality XBRL data by joining
the Center for Data Quality, email info@xbrl.us.

About XBRL US

XBRL US is the non-profit consortium for XBRL business reporting
standards in the U.S. and represents the business information supply
chain. Its mission is to support the implementation of business
reporting standards through the development of taxonomies for use by
U.S. public and private sectors, with a goal of interoperability between
sectors, and by promoting XBRL adoption through marketplace
collaboration. XBRL US has developed taxonomies for U.S. GAAP, credit
rating and mutual fund reporting under contract with the U.S. Securities
and Exchange Commission and has developed industry-specific taxonomies
for corporate actions, solar financing, and surety processing. http://xbrl.us

Links:

Access the draft rules and guidance: https://xbrl.us/data-quality/rules-guidance/public-review/
Learn
about the XBRL US Center for Data Quality: https://xbrl.us/data-quality/center/
Register
for the August 29 webinar: https://xbrl.us/events/20180829/

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