On September 6th, the Financial Accounting Standards Board (FASB) staff issued the Proposed 2023 DQC Rules Taxonomy (DQCRT) for the US GAAP and SEC reporting taxonomies. Individuals and organizations may review and comment on the modifications made to the proposed DQCRT until October 6, 2022.
The following DQC Rules are included in the proposed 2023 DQCRT:
DQC_0013: Negative Values with Dependence
This rule tests the values for a given list of elements that are negative when a precondition is met for another element.
DQC_0015: Negative Values (added with the 2020 DQCRT)
This rule tests whether the values for a given list of elements are negative.
DQC_0047: Calculation Descendants with No Balance Type
This rule tests whether the descendants of both the elements NetCashProvidedByUsedInOperatingActivitiesContinuingOperations and NetCashProvidedByUsedInOperatingActivities in the company’s extension taxonomy have no value defined for the balance attribute.
DQC_0053: Excluded Members from an Axis
This rule identifies when a member is used on an axis where it should not be.
DQC_0057: Cash Flow Opening and Closing Balances
This rule tests when at least one of the elements mentioned in the rule is not used in the cash flow statement to represent the opening and closing balance for each period reported.
DQC_0071: Revenue/Cost Single Member
This rule identifies if the revenue or cost elements named in this rule have been used with the ProductOrServiceAxis for only one product or service, represented by a single member.
DQC_0073: Plan Asset Categories Permissible Line Items
This rule identifies when inappropriate lines are used with DefinedBenefitPlanByPlanAssetCategoriesAxis.
DQC_0084: Durational Aggregation
This rule identifies when the values of a durational element for a series of periods of time do not aggregate to the value representing the aggregated period in the instance.
For more information on the DQCRT, including instructions on ways to submit feedback, visit xbrl.us.