Description: The Committee is responsible for developing guidance and validation rules that can prevent or detect inconsistencies or errors in XBRL data filed with the SEC.
The Committee and the Rules Working Group are responsible for developing guidance and validation rules that can prevent or detect inconsistencies or errors in XBRL data filed with the SEC. Working within the Guiding Principles for Element Selection , they focus on data quality issues that adversely affect data consumption and analysis and prioritizes issues based on input from users.
Generally, rules are considered for approval within 45 days of Public Exposure, and effective within 90 days of approval.
Together, the Working Group and Committee provide an open collaborative process with stakeholders through exposure of proposed guidance and validation rules for public comment.