Improved XBRL Data Quality

Last week the XBRL US Data Quality Committee announced that the implementation of new validation rules put forth by the committee resulted in a significant increase in the quality of XBRL data submitted to the SEC in the first quarter of 2016. The validation rules were put in effect for the purpose of helping companies detect inconsistencies in their XBRL data specifically around incorrect negative values, improper value relationships between elements, and incorrect dates– and it seems to have been successful. Read this blog to see the results.