St. Paul, Minn. — Merrill Corporation (www.merrillcorp.com), a global provider of secure content sharing, regulated communications and disclosure services, announced Lou Rohman, Vice President, XBRL Services at Merrill, has been appointed to serve as Chairman of the XBRL US Data Quality Committee. His appointment was effective on June 1, 2017. He has served on the XBRL US Data Quality Committee since its formation in 2015, and was appointed as Vice Chairman in May 2016.
“I’m honored to be the Chairman of the XBRL US Data Quality Committee,” said Rohman. “It’s a recognition of the significant contribution Merrill has made to creating rules and guidance for this committee, and our key role as a founding member of the XBRL US Center for Data Quality. We continue to see XBRL use evolve and expand within the SEC and the investment community. And, for filers, the trend toward more widespread use of XBRL places even greater importance on the need to ensure accuracy so their reported financial statements are properly analyzed and understood by regulators and investors.”
The Data Quality Committee of XBRL US is responsible for developing guidance and validation rules that can prevent or detect inconsistencies or errors in XBRL data filed with the SEC. The Committee focuses on resolving data quality issues that adversely affect market consumption of XBRL data.
“Lou’s expertise and experience with XBRL will be invaluable as he leads the committee and we greatly appreciate his support,” said Campbell Pryde, President and CEO, XBRL US. “This work is now more important than ever as we are seeing an increase in the use of XBRL-formatted SEC data, and an expansion of new XBRL implementations worldwide.”
Rohman provides XBRL leadership and subject matter expertise to a wide range of client companies, working closely with individuals to enhance their understanding of XBRL and to provide the guidance needed to successfully produce, implement, and confidently move forward with XBRL, with data quality being a critical focus. He is currently a member of both the Financial Accounting Standards Board’s US-GAAP Taxonomy Advisory Group and the IFRS Foundation’s IFRS Taxonomy Consultative Group. He also has been an active participant on the US-GAAP taxonomy project team of XBRL US.
About XBRL US
XBRL US is the non-profit consortium for XBRL (eXtensible Business Reporting Language) in the US and it represents the business information supply chain. Its mission is to support the implementation of XBRL business reporting standards through the development of taxonomies for use by US public and private sectors, with a goal of interoperability between sectors, and by promoting XBRL adoption through marketplace collaboration. XBRL US has developed taxonomies for US GAAP, credit rating and mutual fund reporting under contract with the US Securities and Exchange Commission and has developed a taxonomy for corporate actions. For more information: http://xbrl.us