IFRS + XBRL = driving change


The usefulness of IFRS and XBRL is proven, especially when the two standards are partnered for the purposes of generating better business reporting. In effect, great strides were made in relation to improving the integrity, construction, distribution and comparativeness of business reports. However, there are obstacles to further advancement. As such, these impediments must be addressed and removed to ensure that more progress is made in the realms of IFRS, XBRL, and resultant business reporting.


In concluding our journey of discovery, we finalise our understanding of IFRS and XBRL, paying particular attention to the issues and obstacles that hamper progress of acceptance and implementation in both cases. Additional, topical issues are also presented. This part, therefore, provides critical commentary as to what is in the way of driving necessary business reporting change further, and faster.

Target audience

The overall concept map shown in the introduction indicates the necessary breadth and depth of elements contained in this book, which play a fundamental part in supporting current and expected thoughts of a new reporting paradigm. Accordingly, we can see that the various sections of this book are likely to be of particular significance to some people more than to others.

Readers who are expected to have an affinity with, and interest in, Part V of this book include:

  • accounting practitioners
  • developers of business ...

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