Press Information Bureau

Government of India

Ministry of Corporate Affairs

12-January-2012 18:13 IST

Comments/Suggestions for future XBRL Implementation

The Ministry of Corporate Affairs has formed a committee to develop the roadmap for future implementation of XBRL. The committee has its Terms of References as under:

A. Identification of class of companies and various reports to be filed in XBRL in Phase-wise manner.

B. Development of Taxonomies to be used by Corporates for their regulatory filings to government agencies.

C. Extensions in Taxonomies and XBRL Assurance framework.

D. Training, awareness and capacity building of stakeholders.

E. Framework for consumption & dissemination of XBRL data.

Accordingly stakeholders have been requested to send in their suggestions/comments on [email protected]. or to write to Director (e-Governance), Room No. 536, A Wing, Shastri Bhawan, New Delhi 110001.

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ST/-

XBRL implementation roadmap: stakeholders invited to submit comments on taxonomies and assurance framework for phased regulatory filing design A ministerial committee will develop a roadmap for phased XBRL implementation, identifying classes of companies and reports to be filed in XBRL; developing and standardizing taxonomies for regulatory filings; addressing taxonomy extensions and an XBRL assurance framework; providing training and capacity building; and creating a framework for consumption and dissemination of XBRL data. Stakeholders are invited to submit suggestions to the designated contact point.