FASB Proposes DQC Rules Reporting Taxonomy for 2022

The proposed DQC Rules Taxonomy includes XBRL US DQC Rules with the GAAP Financial Reporting Taxonomy and SEC Reporting Taxonomy to improve exposure to, and compliance with, the XBRL US DQC rules. The proposed DQC Rules Taxonomy has been built on the 2021 Taxonomy because the 2022 Taxonomy is not yet available for use. The proposed 2022 DQC Rules Taxonomy covers the following key DQC Rules:

• DQC 0005—Context Dates After Period End Date.
• DQC 0006—DEI and Block Tag Date Contexts
• DQC 0033—Document Period End Date Context
• DQC 0036—Document Period End Date Context/Fact Value Check
• DQC 0041—Axis with a Default Member that Differs from the Base Taxonomy
• DQC 0043—Incorrect Calculation Weights in Operating Cash Flows
• DQC 0044—Accrual Items used in Investing/Financing Cash flow Reconciliation
• DQC 0060—Element Dependence for Specific Elements
• DQC 0079—Extension Members
• DQC 0015—Negative Values

Related Links

• Notification on SEC Taxonomy (PDF)
• Release Notes on SEC Taxonomy (PDF)
• Proposed Guide on SEC Taxonomy (PDF)
• Notification on DQC Rules (PDF)
• Proposed DQC Taxonomy and Guide

Comment Due Date: November 01, 2021 (SEC )/September 23, 2021 (DQC)

Keywords: Americas, US, Accounting, Banking, Securities, Reporting, Taxonomy, DQCRT, XBRL, US GAAP, Data Quality, FASB