The IIA’s XBRL survey results are in!
The IIA recently conducted a survey to assist us in understanding the current status of eXtensible Business Reporting Language (XBRL) adoption worldwide, the internal auditor's role in this process, and your needs and expectations.Although most respondents reported not being required currently to comply with XBRL, nearly 90% expressed interest in learning more about it. As interactive data advances into the global business world, regulators in many countries have issued various mandates that require organizations to file financial statements in XBRL. The adoption of XBRL would mean new opportunities and challenges for the internal audit profession. As the guidance setting body for the profession, The IIA is working on an XBRL report to provide internal auditors with the necessary knowledge and guidance on this topic. Click here to view the Executive Summary of the XBRL survey results. (PDF, 130K)