It is becoming common for data collection programmes to release versions of taxonomies with an expectation that external stakeholders will provide feedback on issues based on their own testing. Subsequent work and new releases allow the data collector to reach the...
New taxonomies are published by regulators for a variety of reasons, to fix issues, introduce new report types or to apply year-on-year changes. CoreFiling customers are used to being given access to new versions of reports well before they are required, but how do we...
In this age of digital reporting, hundreds of XBRL taxonomies are published every year. Our analysis at CoreFiling shows that there are a few common mistakes that repeatedly crop up in such taxonomies. These issues can limit their usefulness, slow down implementation...
In my previous blogs, I have talked about how the iXBRL document validation process consists of a number of steps, like a ladder. If the validation process returns a failure at one step, it must stop processing immediately. It must NOT move on to the next step. Why?...
1. Well-formedness To be machine-readable, XML has to be well formed. Attributes have to be enclosed in quotes; certain characters have to be escaped; all opening tags have to be matched with closing tags. A human reader may recognise easily that a closing tag has...
The invention of schemas to provide formal definition of the contents of XML documents was one of the most important innovations accompanying the creation of the World Wide Web. For the first time, it was possible to develop a generic data validator which was...
I first came across the Interaction Design Foundation about 18 months ago when my father-in-law, a data analyst at a large accountancy firm, told me that he’d been enjoying some of their content and thought I might like it too. He was right – in my role as Quality...
Business rules can be found throughout regulatory reporting programmes, with everything from proportionality to supervisory process defined in a single rulebook. Automation of these rules allows regulators to reduce the cost of regulation and free up specialists from...