CRILC reporting introduced in 2014 requires quality submissions by reporting institutions. But it can be a challenge for large banks to handle enormous CRILC data sets and check conformity with previous quarters. Is there a solution?
7 years after XBRL was introduced for SEC filing in the US, it hasn't achieved its true potential with filers. It continues to be pinned down as compliance cost instead of being seen as a strategic aide to the CFO. But XBRL is about more than just cost and has a lot to offer even to filers.
Most of an analyst's time goes into aggregating rather than analysing data. With XBRL in place, this has been addressed, but only partially. Is there a way to move from disparate to comparable data?
MCA recently release draft CNI taxonomy 2016 which contains a section dedicated to report CSR expenditure by companies. CSR activities, made mandatory in India since 2014, though not related to the business of the Company have accounting implications. Read to find out, how you need to report your CSR spend in XBRL