<h1>India's Ministry of Corporate Affairs demands improved XBRL filings accuracy; professionals face penalties for incorrect certifications.</h1> The Ministry of Corporate Affairs in India has highlighted the need to enhance the quality of XBRL filings, emphasizing the responsibility of the Institute of Chartered Accountants of India and the Institute of Company Secretaries of India to ensure accurate filings. A review of financial statements for FY 2010-11 revealed discrepancies due to incorrect mapping and misuse of tagging, leading to misleading disclosures. These inaccuracies compromise the effectiveness of XBRL, potentially misleading stakeholders. The ministry warns that professionals certifying such incorrect data may face penalties, and further scrutiny is being conducted to identify similar errors in other filings.