RECENT POSTS
Tuesday, January 8, 2019
A Look at Climate Change Disclosures

Wednesday, January 2, 2019
Quants: Point-in-Time Data for Backtesting

Friday, December 28, 2018
Now Showing: Controls & Procedures

Thursday, December 27, 2018
A Reminder on Non-GAAP Reporting Rules

Monday, December 17, 2018
Researching PG&E’s Wildfire Risk

Wednesday, December 12, 2018
Tracking Brexit Disclosures

Thursday, December 6, 2018
Campbell Soup: Looking Behind the Label

Sunday, December 2, 2018
SEC Comment Letters: The Amazon Example

Wednesday, November 28, 2018
Measuring Big Pharma’s Chemical Dependency

Monday, November 26, 2018
Analysts, Can You Relate? A True Story

Monday, November 19, 2018
Digging Up Historical Trend Data: Quest Example

Sunday, November 11, 2018
Cost of Revenue, SG&A: Q3 Update

Monday, November 5, 2018
Lease Accounting: FedEx vs. UPS

Saturday, November 3, 2018
New Email Alerting Powers

Wednesday, October 31, 2018
PTC and Two Tales of Revenue

Tuesday, October 30, 2018
10-K/Q Section Text Change Detection

Sunday, October 28, 2018
Finding Purchase Price Allocation

Sunday, October 21, 2018
Charting Netflix Growth in Three Ways

Wednesday, October 17, 2018
Interesting Data on Interest Income

Thursday, October 11, 2018
The Decline of Sears in Three Charts

Archive  |  Search:

Many of you may have seen this blog post in Forbes this week. What’s our take?

The fact is companies make a lot of errors in the ‘Document and Entity’ section. This is particularly frustrating because it seems like by far the easiest section to get right, and therefore, people (like the author of this article) see these errors first thing and instantly assume the rest of the filing is, well, junk.

But here’s the good news: DEI errors are simple to catch and correct (we have fixed in our database close to 10,000 DEI errors, including share counts, share dates, filing dates, etc.). AND It turns out that the rest of the filing actually isn’t junk…obviously we all know errors exist, but strangely enough at a significantly lower rate than in the DEI.     

Want to discuss it more? Join Philip Engel and Calcbench co-founder Alex Rapp on Wednesday at 3pm for XBRL-US’s webinar on data quality…love to have lots of people there. Among other things I’ll demo our new ‘filer portal’ which will hopefully help educate filers more about these issues.


FREE Calcbench Premium
Two Week Trial

Research Financial & Accounting Data Like Never Before. More features and try our Excel add-in. Sign up now to try the Premium Suite.