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Scope of XBRL is immense in India: IRIS

XBRL enabled Financial Reporting is not new to India, it was one of the initial countries who adopted the XBRL enabled Financial Reporting in as early as October of 2008; though the scope of reporting was very limited. It was introduced on a larger scale in the Financial Year of 2010-11. In India, a majority of companies follow the Financial Year starting the 1st of April and ending on the 31st of March. In the 1st year of applicability, approximately 25,000 to 30,000 companies were covered, which constituted merely 3% of approximately 900,000 companies registered in India with the Ministry of Company Affairs (MCA)

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IRIS Business Services Here's a list of regulators across the world who have implemented iXBRL with great success: https://t.co/86QXvLRN8f https://t.co/cZZkdsH6Rx 21 Jul 2017

IRIS Business Services Your #XBRL report might be validated but it could still have incorrect data: https://t.co/LW3XpQStcA https://t.co/oN8UX8hSro 21 Jul 2017

 

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