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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 XBRL is disrupting the way data is being created, collected and consumed. Read how: https://t.co/BaFsmSUDQs… https://t.co/q3j3rCd7iy 20 Jun 2018

IRIS Business Services Creating a robust XBRL reporting environment needs a fine understanding of the details: https://t.co/QPOKWmVoet… https://t.co/cfOVpzUxHI 19 Jun 2018

 

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