CFO Briefing Provides Practical Tips for XBRL Implementation
As you may recall, we blogged about a NIRI session we attended “Understanding IR Strategies Behind XBRL – IROs Evolving Role”. In this post we provided a broad overview of why XBRL is relevant to IROs and the requirements for adoption, a broad definition and the implications of using it to help improve processes.
Recently a report was published by The Canadian Institute of Chartered Accountants (CICA) targeted to CFO’s entitled “Transition to XBRL”. In spite of this being issued in Canada, the report provides a balanced review of what is required for U.S. companies and foreign private issuers under the SEC’s implementation schedule for XBRL as well as highlighting significant developments in the implementation of XBRL as it pertains to Canadian preparers.
Read more here.