XBRL Validation
From Open Risk Manual
Definition
XBRL Validation. Process of checking that instance documents and taxonomies correctly meet the rules of the XBRL specification.
Business Validation Rules
Validation rules that are backed by requirements from the underlying business domain. Examples of business validation rules include
- checking that an appropriate currency has been used for monetary facts
- checking that mandatory facts have been reported, and
- checking that numeric values pass appropriate calculation checks.
Business validation rules may be included in a taxonomy as XBRL formula rules, enabling XBRL software to automatically check the quality of an XBRL report. These are included to improve Data Quality in a reporting programme.
