The IFRS Foundation has published the Proposed Interim Release 2 to the IFRS Taxonomy 2014 for public comment, along with the accompanying IFRS Taxonomy Guide explaining related terminology.
In an editorial, The Economic Times calls on India to move more quickly towards implementation of IRFS, and that further use of XBRL should be encouraged to “avoid ambiguity and achieve greater transparency”. The editorial goes on to say that “Reform in financial reporting is overdue, and the government must go the whole hog”.
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