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The United States and Data Standardization – The Long Road Ahead

06 Sep, 2018  Posted By Guru Raj Singh   Posted in xbrl
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Data standardization has often been trumped as the gold standard for financial reporting – and justifiably so. Not only can it help ensure greater transparency and comparability between the financial performance and position of companies or local government bodies, but … Continue reading

 

The growing importance of data analytics for the SEC

23 Aug, 2018  Posted By Guru Raj Singh   Posted in xbrl
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On 25 June 2018, the U.S. Securities and Exchange Commission (SEC) published its draft strategic plan for fiscal years 2018 – 2022. Although comments for the draft closed on 25 July 2018, the draft provides ample insight into the SEC’s … Continue reading

 

XBRL – a standard for now and the future of compliance reporting in the US

03 Aug, 2018  Posted By Guru Raj Singh   Posted in xbrl
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XBRL has been around for a few years now. At the time of its introduction, much attention was given to the possibilities that XBRL reporting could offer – digitization, increased comparability and reliability to name a few. However, it’s equally … Continue reading

 

XBRL around the world

31 Jul, 2018  Posted By Shabeer   Posted in xbrl
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While there has been increased focus on XBRL within the United States over recent months, in part due to the SEC’s recent announcement that iXBRL will be used by operating companies and mutual funds going forward, it’s also worth taking … Continue reading

 

Ind AS vs. Indian GAAP: What are the key differences?

29 May, 2018  Posted By Shabeer   Posted in MCA - XBRL in India, xbrl
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Ind AS vs. Indian GAAP: What are the key differences? India is trying to move to the Indian IFRS accounting standards popularly known as Ind AS. This move will not be easy considering that Ind AS is rather different from … Continue reading

 

Last date for filing Form AOC-4 (XBRL) extended by MCA

05 Apr, 2018  Posted By Amruth Varshan   Posted in xbrl
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Companies required to prepare the e-form AOC-4 for the financial year 2016-2017 now have some breathing room as MCA pushes the deadline for filing the XBRL document to 30 April 2018. Previously, organisations compliant with the Indian Accounting Standards (Ind … Continue reading

 

Digital Revolution in Compliance Reporting

16 Feb, 2017  Posted By Charles A   Posted in MCA, MCA - XBRL in India, xbrl, XBRL Filings

Computers revolutionised the world of information decades ago. ‘Interactivity’, however has been a more recent phenomenon. Hitherto, data collection by Regulators has always been in ‘non-interactive’ formats like PDF, Word, etc. This scenario is changing as we go to press. … Continue reading

 

Importance of XBRL Implementation

20 Jul, 2016  Posted By admin   Posted in xbrl

XBRL (eXtensible Business Reporting Language), as we all know it, is a globally accepted standard for exchanging business information. From the Regulators perspective, it is an interactive data format as against  the merely readable formats like HTML, PDF etc., that … Continue reading

 

XBRL Sustainable reporting brings accountability and transparency

04 Jul, 2016  Posted By Getsy Jenita J   Posted in xbrl
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The flow of information from one point to another is important to keep the ecosystem intact, especially in the financial world. Regulators need it to regulate the enterprises; investors need it to analyze the enterprises performance and take an investment … Continue reading

 

˜Digital India to improve compliance reporting in India

21 Mar, 2016  Posted By Getsy Jenita J   Posted in xbrl

eGovernance has always been the dream for India, especially now with Prime Minister Narendra Modis visionary programme ˜Digital India. It aims to transform India into a digitally empowered society and knowledge economy. Digital Indias slogan is ˜Power To Empower, promising … Continue reading

 

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