iXBRL

1)   Does any charity out there use iXBRL at all?

2)   What do people think about charities filing iXBRL accounts with the Charity Commission. It would

  • enable much greater analysis of accounts
  • greatly increase transparency and information available to the public
  • improve regulation
Comments

iXBRL

s.wardrop | | Permalink

Use iXBRL  - just how exactly would this benefit the public, or in fact anyone other than a very select group of those with a burning desire to analyse charity accounts?!  All it would achieve, I think, is more cost to the poor accountants trying to cope with yet more layers of requirements for ever decreasing returns.  If you want better analysis, greater transparency and better information - dont see what iXBRL has to do with it

DMGbus's picture

iXBRL = extra costs = trash

DMGbus | | Permalink

I have experience of iXBRL in the context of commercial businesses being enforced to use this idiotic file format totally alien to small business accounts.

HMRC went ahead with enforcing iXBRL for Corporation Tax return filing without first having undertaken an ACCURATE assessment of the extra costs enforced on business by this unfamiliar software imposition.

No benefits, just more costs.

In a word TRASH.

Now, if WORKING PROPERLY software was offered for FREE by HMRC (or in the Charity context, the Charity Commission) then things might be different.  But this seems to be an impossible dream judging by recent personal experience of using HMRC's under-specified icompetently-designed software, plus recent postings on Aweb with users having serious difficulties with HMRC's online .pdf software.

 

 

 

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