Monday, December 11, 2017

Disclosure Mechanics and Reporting Checklist [V5.0]

XBRL Cloud is pleased to announce another significant upgrade to the functionality available on CleanScore.

This functionality is available on our Beta site, but will be available in production in early January.

The underlying feature driving this release is an implementation of the Disclosure Mechanics and Reporting Checklist which serve as the basis for the Charles Hoffman's Campaign to Improve Disclosure Quality of XBRL-based Public Company Financial Reports Submitted to the SEC

The features available in the 5.0 release are as follows:
  • Support for Disclosure Mechanics and Reporting Checklist, as designed by Charlie Hoffman
  • New report page in the Evidence Package designed to quickly review and ensure consistency between Level 3 and Level 4 components in U S GAAP filings
  • Maintenance, stability, and performance enhancements

Tuesday, December 5, 2017

Major improvements for verifying calculations [v4.0]

The Version 4.0 release is a significant functional change because we have gone to great lengths to remove "noise" from calculations.  This reduction in noise should make it quicker and easier to review your filing.  The following items have been upgraded for this new release:
  • Major reduction in "noise" for XBRL Calculations and Roll Forwards. That is, previously, due to bleed through, sometimes the verifier was instructed to review sums that would never add up. Now, the calculations being verified should be the ones that count
  • Support for DQC V4.0
  • "Regular" HTML or XML Validation report (which is PROFILE_BASED for U S GAAP filings) now removes "bleed-through" calculations. This means that "XBRL Calculations", loosely, should only be flagged for "meaningful" calculations
  • Updates to IFRS validation due to IFRS having slightly different structural rules from U S GAAP
  • Visual verification (green cell) when members sum to the domain for any given component
  • Maintenance, stability, and performance enhancements