FASB Staff Releases Proposed 2027 DQC Rules Taxonomy

The FASB staff has released its proposed 2027 Data Quality Committee (DQC) rules taxonomy, which “is an XBRL representation of select DQC validation rules [that] is narrowly focused on conveying the DQC validation rules.” The additional rules and other enhancements proposed as part of the 2027 release “are based on the FASB Taxonomy staff’s evaluation of the validation rules that have been available for use for more than one year, with consideration for how the DQC has addressed any feedback on those validation rules.”

Comments on the proposed improvements to the DQC taxonomy are due by November 20, 2026. For more information, see the release notes on the FASB’s Web site.