Wednesday, February 09, 2011

Too Little, Too Late

The ICAEW, and the other professional accounting bodies, have failed in their bid to delay the implementation of iXBRL.

Treasury Minister, David Gauke, responded to the letter issued by the six bodies:

"Having read your letter and considered it along with other representations, I would like you and HMRC to proceed on the basis that mandation of online filing in iXBRL will go ahead as planned on 1 April."

As I noted a few days ago I am "disappoined to see that the professional institues (inclduing the ICAEW) have taken so long to stir themselves..

Delays have consequences!

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