Are you ready for XBRL? Well preparedness for xbrl can mean different things at different levels of the xbrl chain. Board level: If you are a member of the board of directors of a company, you need to know that the Ministry of Corporate Affairs has mandated reporting in XBRL format. You need to know […]
Chartered Accountants, Company secretaries,….and others who are responsible for the MCA filing have to learn a new tool/ skill. the MCA (Ministry of Corporate Affairs) has said that it is compulsory for certain companies (have done a separate post on who are liable to file).. But first thing first..if you need an overview of XBRL […]
“With XBRL you cant hide”, – S.Swaminathan of Iris always said that…Here is what he says: The myiris.com study has thrown up some startling findings. The study has shown that more than 200 listed Indian companies have discrepancies in their annual audited financial results. The discrepancies are such that the numbers simply do not add […]