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of <h1>Ministry of Corporate Affairs Urges Improved Accuracy in XBRL Filings; Highlights Discrepancies and Calls for Professional Training.</h1> The circular issued by the Ministry of Corporate Affairs addresses the quality of XBRL filings certified by professional members for the fiscal year 2010-11. It highlights significant discrepancies in disclosures between published results and XBRL filings, primarily due to incorrect mapping and tagging of accounting concepts. These inaccuracies undermine the integrity of the financial statements and the effectiveness of XBRL for stakeholders. The circular emphasizes the responsibility of professional institutes to ensure accurate filings and suggests further training and guidelines to improve the quality of XBRL submissions. It underscores the importance of accurate tagging to reflect a true and fair view of a company's financial state.
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