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iXBRL audit information tagging guidance and best practices

2

Opmerkingen

25 opmerkingen

  • Yan Li

    Should the Auditor name and location be string tags? Thanks. 

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  • Mike Davis

    Hi Yan!

    The Auditor Name, Auditor Firm ID and Auditor Location concepts are included in the US GAAP DEI taxonomy and the properties are defined by the taxonomy. That being said, the info tagged with auditor name and location will certainly be textual. Here's the properties for those tags.
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  • Yan Li

    Thanks Mike!  Does this tagging requirement apply to all iXBRL filers filing after December 15, 2021?

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  • Mike Davis

    Yes, that is correct. You can find this referenced here in the new EFM.

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  • Yan Li

    Thank you Mike!

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  • Mike Davis

    No problem. You're very welcome, Yan 😊

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  • Barbara

    Hi Mike,  I am in the 2021 US GAAP taxonomy but I can't find these tags. I've looked in the DEI too.  All I am seeing is ICFR Auditor Attestation.  What am I doing wrong?  Also, I have a while since we are 20-F filers...

     

    Thanks,


    Barbara

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  • Mike Davis

    Hi Barbara!

    I asked our experts, and they are wondering if you haven't migrated to the 2021 US GAAP (DEI 2021 Q4) taxonomy?

     
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  • Barbara

    Hi Mike, that is the obvious answer, but how do I know?  I migrated to the 2021 US GAAP taxonomy a while ago.  How do I tell if I am on the correct DEI or how do I migrate if not?  

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  • Mike Davis

    The DEI taxonomy version should be listed next to it in parenthesis for the XBRL Profile:

    If it is not DEI 2021 Q4, then you can click the gear icon next to that and choose Migrate Taxonomy and select the US GAAP 2021 (DEI 2021 Q4) to have these new tags.

    Is that the case for you, i.e. that you have US GAAP 2021 but not the DEI 2021 Q4 as of yet?

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  • Darryl Bortoli

    Thanks for this intel Mike! To confirm, are we able to complete the exercise using just the 2021 base taxonomy (by creating extensions) or do we need to migrate to the DEI Q4 taxonomy to be compliant?

    Regards,

    Darryl Bortoli

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  • Mike Davis

    No problem, Darryl. 

    In order to satisfy this new requirement, these specific DEI elements are required so a migration to the DEI 2021 Q4 version would be needed if you're not on it yet. Using an extension here would cause validation errors otherwise.

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  • Barbara

    Thanks Mike.  I have migrated to the Q4 2021 DEI and the tags appeared.  I was only in 2021 US GAAP but not the current DEI.  To satisfy the requirement, can I tag the three auditor related items within the auditor's opinion/report that appears for us after the F pages?  Do I need to extend at all if we have one auditor?  We will change next year but currently have one.  Thanks as always  Barbara

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  • Mike Davis

    Glad to see they appeared for you now.

    Regarding your first question, yes, based on guidance so far, within the auditor's report is satisfactory or within the Index to the Consolidated Financial Statements which XBRL.US suggested guidance published in their Q&A.

    And if you have only one auditor you would not need to extend for that. In the instance of more than one auditor, there are a few axis that are allowed for tagging in that scenario.

    Hopefully that helps. Let me know what questions you have and if you need anything else. 😊

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  • Donna Bramble

    Hi Mike, I have the auditor information in Item 14, PRINCIPAL ACCOUNTANT FEES AND SERVICES.  I have tagged the information but need to get it into the XBRL outline.  I see your example if it is on the Cover Page, but I don't see how to get it into the XBRL outline for Item 14?  Can you please help. Thank you. Donna

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  • Donna Bramble

    Hi this is Donna again, I see the outline now at the very end but it is only picking up the Auditor Firm ID.  Also when I tagged it only shows green highlight but no green underline, so it looks like it is only shaded a light green.

     

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  • Mike Davis

    Hi Donna!

    Thanks for the question. Happy to help.

    Even if the location and physical tagging of the auditor info is in your Principal Accountant Fees and Services section, it is our guidance to include said tagging data in a separate Audit Information XBRL outline section. So you'll want to send those tags a separate XBRL outline section. You can either create a new Audit Info section prior or add a New Section when you are tagging the fact.

    Lastly, to ensure the Audit Information tagging shows up correctly for the SEC rendering, check your Sub-Section Details and make sure the default Tagging Level is set to Level 0.

    Does that make sense? Let me know if I've missed the mark here or you have any follow ups. Happy tagging!

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  • Donna Bramble

    Hi Mike - well the other two got added but in a separate Audit Information - is this OK?  However, the rendering looks good.  And it still does not have the underline with the tagging.  

     

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  • Mike Davis

    That setup you have there looks like we'd expect. If you are not going to have more than one auditor to tag, you can get rid of some of the fluff that is in there, i.e. the Line Item, Table, Axis and Members. For basic tagging on one auditor firm the setup only needs an Abstract (which you need to extend for), and the three tags below it.

    If your two other tags are in another outline section, you can drag them under the new one, or select them in your document and choose Add/Re-add to Outline to select the preferred selection of your new Auditor Information section.

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  • Clayton Stakes

    Can you tag the Auditor Firm ID within a cell? I am trying to tag it in our table of contents. I can only get it to tag the ID in the cell specifically, if I link it to a hidden section. However, I get the below error when using that approach.

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  • Yan Li

    If you create a link for the firm ID in the cell of table of contents you will be able to tag it. 

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  • Clayton Stakes

    I have it linked to a hidden section and it is tagged, but I get the previously mentioned error when doing so. Does it have to be tagged to a non-hidden section?

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  • Yan Li

    We have the firm ID on the table of contents as well and we linked it to the Workbook. 

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  • Mike Davis

    Hi Clayton!

    You are correct. It must be tagged in a non-hidden section.

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  • Brandy Taylor

    You'll have to use subcell linking in your table of contents like you would in the parenthetical disclosures in your statements.

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