This paper describes the Quality Control Process in XBRL Taxonomy Development and is published by XBRL International Best Practices Board. This paper compares the approaches adopted by two major organisations responsible for XBRL Taxonomy development: Japan’s FSA and UK’s HMRC.
Starting with a brief introduction of definition of Taxonomy and its distinction from other knowledge
classification and organization systems, this paper takes a closer look at the XBRL taxonomy development as a modern subject of semantic knowledge classification system.
Architectural issues at the design stage, internal and external review cycles and quality control check-lists for iterative testing are included as examples of framework components. Finally, this paper provides a sample list and description of supportive documents that enable this taxonomy quality control process to become a practice.
