Digital Financial Reporting

Quality of public company XBRL-based financial filings to the SEC improved yet again as measured against a set of 21 fundamental accounting concept relations.

Last month (June 30) there were 3 software vendors/filing agents who had 80% or more of their filings consistent with all fundamental accounting concept relations. As of July 31, than number has grown to 5.  We are closing in on the point where 75% of all public companies are consistent with all the fundamental accounting concept relations, standing at 74.7% currently.  We are also closing in on 99% consistency on a per test basis.

Per generator (software vendor or filing agent) results:

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Per consistency test results: (note that on a per-test basis, all test are now at least 95% consistent or higher)

(Click for larger image which has test labels)

Results for: June 30, 2015; May 29, 2015; April 1, 2015; November 29, 2014.