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On September 29th the SEC posted the Public Validation Criteria on the www.sec.gov website. The SEC Public Validation Criteria are designed, according to the SEC, to “improve the consistency and quality of XBRL documents submitted to the SEC.” The full list of the two dozen plus criteria and a description of the program are available here.
UBmatrix is offering a free service to analyze companies’ Interactive Data (XBRL) filings against the SEC Public Validation Criteria. UBmatrix will provide a HTML-based report detailing areas of compliance and exceptions for the test report filing, and will conduct a 30-minute consultation with each public company. Companies can submit their filing, including instance document and taxonomy extension, to UBmatrix for free evaluation beginning immediately and through the end of the year (December 31, 2008). The report includes taxonomy validation, calculation trace information in addition checking against the Public Validation Criteria.
Click here to request your free validation report.
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