XBRL News about statutory reporting, more podcasts and India

Time Stamp: January 6, 2022 6:00 AM
Source Node: 1572729

Here are the three most relevant developments in the world of structured reporting we became aware of in the course of last week.

1  Key takeaways from the global statutory reporting and automation trends report … 

Managing statutory reporting at an organization with many legal entities is a delicate task. Everything—people, processes, technology—needs to be working harmoniously to get the final reports over the line. Achieving this is no mean feat: it’s too easy to accidentally hit a bum note. 

The results of this survey are – mildly expressed – shocking. Note that the author has a commercial interest in the report’s issuer.

2  Charles Hoffman on how to modernise accounting

As an accountant who has long undergone the paradigm shift to evolve from a bookkeeping role to instead creating efficiencies by building new accounting systems, I wanted to have Charles share his 40 years of knowledge and experience of how to be a Modern Accountant.

We are starting the new year just like we’ve ended the previous year – with a podcast episode on modernised accounting or auditing. Listen carefully to what Charlie has to say.

3 MCA extends date for annual filing of returns without additional fees

New Delhi, 30 Dec (KNN) As per the general circular by Ministry of Corporate Affairs, no additional fees shall be levied upto 15th February, 2022 for the filing of e-forms AOC-4, AOC-4 (CFS), AOC-4 XBRL, AOC-4 Non-XBRL, and upto 28th February, 2022 for filing of e-forms MGT-7/MGT-7A with regards to the financial year that ended on 31st March, 2021.

You might think that this news items looks a bit like a stopgap, and you wouldn’t be entirely mistaken. Yet it is nice evidence of how XBRL based reporting is now firmly ensconced in Indian capital markets.

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Christian Dreyer CFA is well known in Swiss Fintech circles as an expert in XBRL and financial reporting for investors.

 We have a self-imposed constraint of 3 news stories each week because we serve busy senior leaders in Fintech who need just enough information to get on with their job.

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Source: https://dailyfintech.com/2022/01/06/xbrl-news-about-statutory-reporting-more-podcasts-and-india/

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