SEC XBRL Financial Filing Quality


A). Red line shows the bar that an SEC XBRL financial filing must rise to.
B). Thick black box shows the true requirement needed to be specified (not saying what the specific rules are, that is determined by US GAAP and the SEC).
C). Some XBRL calculation inconsistencies reported are false errors, therefore some inconsistences can exist but the SEC XBRL financial filing can be correct.
D). For an SEC XBRL financial filing to be truly correct, it must meet the true requirement; not the SEC specified requirement.
E). Clearly it would be better if the SEC specified the true requirement, software vendors implmented that same true requirement, and SEC filings then complied with that same true requirement.
F). Having this gap between the SEC specified requirement and the true requirement causes confusion.