In XBRL conversion we can see so many hesitations and procrastination in the industry still even after the deadline given by Ministry of corporate affairs is very short. Customers who are aware of that think that quality conversion is not a matter but the price matters to them. But yet the days to come when XBRL becomes a mandate need in day-to-day business. My friend in USA says, even a memo pad of a corporate can be created in XBRL format for an unique approach. Goodnews Technologies recently had an SEC filing and in that the customer likes to get even the small details of the company tagged with the same importance given to their financial data. The days are yet to come when XBRL becomes a mandate choice to the corporates in India. I just remember of my Auditor's chat yesterday where he was sharing a goodnews that in the coming year 2012 MCA may ask for XBRL reports also from small companies too. At that time will XBRL tagging prices come low or high? Let us see in the days to come.
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