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An article by S. Swaminathan is the Founder CEO of IRIS, and India’s leading XBRL evangelist "At IRIS, our exercise to develop India’s first XBRL database of listed companies threw up some startling findings. We were stunned that for several companies, the financial statements for financial year 2008 lacked internal consistency in the sense that the numbers reported in the schedules did not tally with the number in the main financial statement. The variations ranged from as high as 40 per cent in some elements in some companies to less than 1 per cent in others" 

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IRIS Business Services Your #XBRL report might be validated but it could still have incorrect data: https://t.co/InGcP6X9QS https://t.co/9FGxNS8IwM 20 Jan 2017

IRIS Business Services If you are trying to aggregate data, #XBRL gives you endless possibilities: https://t.co/NbyDRRBlDv https://t.co/86Ap1r26m9 20 Jan 2017

 

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