Data tagging using XBRL has been a part of SEC reporting since 2009, with Inline XBRL phasing in starting in 2018. \u00a0Several uses for XBRL have evolved over this period. \u00a0The SEC staff utilizes this information in many ways, including uncovering issues during the CorpFin review process. \u00a0Some service providers use the database to provide analysis and benchmarking tools.\u00a0 Software is available to access XBRL data for tasks such as peer group analysis.<\/p>\n
As use of XBRL data evolves, assuring the integrity of this information is key.\u00a0 The Office of Structured Disclosure<\/a> (OSD) within the Division of Economic and Risk Analysis<\/a> oversees this process.\u00a0 Even though tagging has been required for over 15 years OSD periodically discovers problems.<\/p>\n This May 30, 2024, Announcement<\/a> addresses an EPS tagging problem discovered by DERA staff.\u00a0 When a company\u2019s basic and diluted EPS are the same and this information is presented in a single amount they should apply two tags, one for basic EPS and a second for diluted EPS, to this single amount.<\/p>\n You can find more of this kind of guidance from the Office of Structured Disclosure\u00a0 on this webpage providing Staff Observations, Guidance, and Trends<\/a>.<\/p>\n As always, your thoughts and comments are welcome!<\/p>\n","protected":false},"excerpt":{"rendered":" Data tagging using XBRL has been a part of SEC reporting since 2009, with Inline XBRL phasing in starting in 2018. \u00a0Several uses for XBRL have evolved over this period. \u00a0The SEC staff utilizes this information in many ways, including uncovering issues during the CorpFin review process. \u00a0Some service providers use the database to provide … Continue reading Tagging EPS and the Office of Structured Disclosure<\/span>