XBRL US announced that five companies have received certification for successfully incorporating the initial set of validation rules developed by the XBRL Data Quality Committee into their XBRL software applications that issuers use for preparing XBRL filings submitted to the Securities and Exchange Commission (SEC).
The Data Quality Committee, which is funded by the XBRL US Center for Data Quality, approved the first set of rules in November last year and plans to release the second set of rules in May for public exposure and comment.
Vintage is a founding member of the XBRL Data Quality Committee.
XBRL US has tested these software applications to confirm that the applications incorporate the current, complete set of XBRL Data Quality Committee validation rules and thus produce the expected results. Adherence to these rules help public company filers identify and correct errors in their XBRL filings prior to submission to the SEC.
DataTracks, the software application that is one key element of Vintage’s fleXBRL program, is among the first to be certified. This is a demonstrable illustration of our unwavering commitment and culture of quality within Vintage – as well as within the industry itself.
In addition to working with a certified application, reporting departments can run their filings through the rules themselves, free, at any time here.