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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 Allay any nervousness you might have about adopting #iXBRL with this quick read: https://t.co/Le1Ja8LKU3 https://t.co/XPGA0ybpJW 26 May 2017

IRIS Business Services QFCRA upgrades prudential filings using IRIS iFILE: https://t.co/oMcaEHvAFG https://t.co/4Iq0gaQOY3 26 May 2017

 

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