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SEC performs analysis of custom axis tags

  • SEC (US Securities and Exchange Commission) Image

Mar 29, 2016

The staff of the SEC’s Division of Economic and Risk Analysis has released observations related to its analysis of the use of custom axis tags in XBRL exhibits.

In the analysis, the staff noted that use of custom axis tags increased as the size of the filer became larger. In addition, certain filers were creating “custom axis tags unnecessarily when an appropriate standard axis tag existed in the U.S. GAAP taxonomy.” The staff believes that filers should limit the use of custom tags when possible to improve data quality and suggests that filers annually reevaluate their axis tags.

For more information, see the staff’s observations on the SEC’s Web site.

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