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HomeUncategorizedMCA sent circular to ICAI, ICSI, ICWAI regarding incorrect XBRL filing by...
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MCA sent circular to ICAI, ICSI, ICWAI regarding incorrect XBRL filing by professionals

Rahul
By Rahul
0
46
xbrl

A random scrutiny of XBRL filing of financial statements by few companies to MCA for FY 2010-11 reveals significant variations in disclosures in published results and the XBRL filings due to ‘incorrect’ mapping of disclosures.

Such filings are inaccurate and do not adequately represent true and fair view of the state of affairs of the company as per Section 211 of the Companies Act, 1956. It is unfortunate that professionals have certified the authenticity of such incorrect data, for which they are liable to be penalized.

Click here to view General Circular 33/2012

 

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