Focus on the auracy and quality of your data because the SEC is moving ahead with the plan to use XBRL for regulatory review.That’s the message from Craig M.Lewis,the SEC’s chief enomist,to public mpanies in meeting their XBRL mpliance requirements,based on an interview in the April 2013edition of Dimensions,a newsletter for legal,financial and rporate mpliance professionals published by Merrill rporation ( leading global provider of technology-enabled services for the financial,legal,health care,real estate and other rporate markets.

In the interview,Lewis,the Director and Chief Enomist of the Division of Risk,Strategy and Financial Innovation with the Securities and Exchange mmission (SEC),speaking on his own behalf,outlines the value of XBRL data that allows the SEC,investors,analysts,the media and other stakeholders to mpare and analyze public mpany financial data instantly.In addition,Lewis offers insight about the predictive aounting quality model being developed by the SEC.

“It is a fully automated system that effectively takes a firm’s filing the day it mes in,processes it,and then keeps it in the [SEC’s]database so that somebody who is interested in looking at a report on that mpany would be able to do so within 24hours of the filing being posted on EDGAR,”says Lewis,who was named to his current position in May 2011.

“The Craig Lewis interview offers incredible insight into how XBRL is evolving and answers the question of many SEC filers:‘Is anyone ever going to use this XBRL data?’”notes Mike Schlanger,Vice President of XBRL Business Development and Strategy for Merrill rporation.“Mr.Lewis’mments demonstrate that the SEC is using XBRL data to enhance its review process and is mmitted to building new tools in the future.The bottom line:XBRL is not going away;quality and auracy do matter;and as Craig Lewis stresses in his Dimensions interview,larger public mpanies now carry the same liability for their XBRL data as they do with their EDGAR filings.”

“One of the main obstacles to the SEC’s vision,”Schlanger adds,“is the ntinued ourrence of errors in a registrant’s XBRL filings.The SEC has published multiple Staff Observations informing filers of the errors with which they are most ncerned.However,many filers remain unaware of how these errors can make their way into their filing.Outside experts,such as Merrill’s XBRL CPA team,are dedicated to helping public mpanies close this knowledge gap to ensure they have the requi knowledge to verify the auracy of their XBRL files.”

中文新闻：SEC首席经济学家解读XBRL数据工具