Public Company Quality Continues to Improve, Trend is Good
Friday, June 2, 2017 at 07:20AM
Charlie in Becoming an XBRL Master Craftsman

The quality improvement trend continues.  There are currently 10 software generators and filing agents that have 90% or more of their XBRL-based public company financial reports consistent with all of the fundamental accounting concept relations continuity cross-checks.  Average is 87.9%.  On a per test basis, 99.19% of all relations are consistent with expectation.

Here are the current results of my measurements:

 

The biggest notable item is that Workiva went from 84% consistency to 87% consistency, fixing about 114 specific errors.

(Click image for larger view)

 

**********************PRIOR RESULTS**********************

Previous fundamental accounting concept relations consistency results reported: March 31, 2017; November 28, 2016; August 31, 2016; June 30, 2016; March 31, 2016; February 29, 2016; January 31, 2016; December 31, 3015; November 30, 2015; October 31, 2015; September 30, 2015; August 31, 2015; July 31, 2015; June 30, 2015; May 29, 2015; April 1, 2015; November 29, 2014.

Information helpful to understanding errors

Article originally appeared on Intelligent XBRL-based structured digital financial reporting using US GAAP and IFRS (http://xbrl.squarespace.com/).
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