Digital Financial Reporting

“Learn from the mistakes of others. You can never live long enough to make them all yourself.”

Groucho Marx

There are two approaches to learning:

1. Learning by making mistakes.
2. Learning from the mistakes of others.

Approach #1 is the noble way to learn, make mistakes yourself.  But it can be time consuming.  Approach #2 is the wise way.  It is very efficient to learn from the mistakes of others.

I have accumulated documentation of about 200 errors in XBRL-based digital financial reports. To professional accountants and others who want to learn about XBRL-based digital financial reports, particularly those who want to create ZERO DEFECT reports, this information is extremely valuable.  It is this sort of information that helped the 9 quality leaders, the software vendors/filing agents that got to the point where most of the reports they create are error-free per my mesaurement of the fundamental accounting concept relations.

Here are those summaries:

• Issues in XBRL-based Digital Financial Reports (September 28, 2016)
• More Issues in XBRL-based Digital Financial Reports (December 15, 2016)
• Summary of Issues of Quality Leaders
• Issues in XBRL-based Digital Financial Reports for 480 Public Companies that use the INTBX-BSU-CF1-ISS-IEMIX-OILN Reporting Style
• Preliminary Analysis of 20 disclosures (February 14, 2017)
• BEST: Analysis by audit firm (April 2017)
  • BDO, BDO2, BDO3
  • EY, EY2, EY3, EY4, EY5
  • KPMG, KPMG2, KPMG3, KPMG4
  • PWC, PWC2, PWC3, PWC4, PWC5
  • Deloitte, Deloitte2, Deloitte3, Deloitte4
  • Grant Thornton
  • Moss Adams
  • DeCoria, Maichel & Teague
• BEST: Disclosure Analysis (November 2017)
  • Disclosure Analysis Set 1
  • Disclosure Analysis Set 2

Happy learning!