Journey of XBRL Reporting in India

The XBRL wave started in India in late 2007 when the Institute of Chartered Accounts of India, the premier accounting and statutory body, realised the critical role of Digital Business Reporting in the arena of regulatory reporting and the optimum advantage that it enjoyed in levelling the playing field. ICAI initiated the idea of using XBRL in collaboration with the different regulators in India that control the Registered companies, Banks, Insurance undertakings and Listed companies. […]