Wednesday, January 28, 2009

Data Level Assurance
by Gerald Trites

The advent of XBRL in the business reporting supply chain has led to discussions about the possibility that, when XBRL ultimately is implemented within the supply chain, there will be an increase in reporting of data outside of the financial statements. Such data would include disaggregated data that might ultimately be included in the financial statements, but is of such a degree of granularity that it cannot be considered part of the statements. Such data also would include the various performance measures that are presently being disclosed. These discussions have also led to speculation that there may be a demand for assurance on these data disclosures. There is further detail in the survey at the following link.
All readers of this blog are invited to go to the survey and fill it out. There are only 9 questions and it will only take about 20 minutes to complete. The results will be used in the completion of a research study being conducted by the CICA on the topic of data level assurannce.


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