XBRL US, a nonprofit organization that helps develop Extensible Business Reporting Language data tags in the U.S., is offering free data quality tools to help companies improve their XBRL financial filings with the Securities and Exchange Commission and avoid "Dear CFO" letters.
The organization noted that the SEC has begun issuing “Dear CFO” letters to public companies expressing concern over problems in XBRL filings. XBRL US is a nonprofit dedicated to helping public companies create good quality XBRL data and to encouraging the use of XBRL corporate data. The SEC began mandating the use of XBRL, an interactive data-tagging format, by public companies, in 2009, starting with the largest companies and phasing in smaller public companies over the next two years.
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