This article explains the development and its practical implications for records, reporting and decisions in Dutch businesses.
What iXBRL makes the quality of source data visible changes
This article explains the development and its practical implications for records, reporting and decisions in Dutch businesses. An Annual Report explains decisions already taken. Reliable reporting therefore depends on disciplined records and estimates throughout the year. For iXBRL makes the quality of source data visible, the scope starts with the transactions and periods described in this article.
A proportionate file
We help you keep the relevant ledger reconciliations, valuation files, estimates, contracts, board decisions and subsequent events together with the decision and the assumptions used. The purpose is not more paperwork, but a reviewable link between the business fact and the reported outcome. The review of iXBRL makes the quality of source data visible should connect specifically to ledger reconciliations, valuation files, estimates, contracts, board decisions and subsequent events.
Test the assumption, not only the total
Together, we select one representative case. A ledger can reconcile while an inventory value or provision is still based on assumptions that are no longer current. A complete case often reveals more than a high-level reconciliation because it shows where operational and financial records diverge. Before closing a period, agreeing finance or approving the Annual Report, management can still compare a targeted alternative for iXBRL makes the quality of source data visible.
Use the first cycle as evidence
After implementation, we help you challenge material estimates against current operational information and subsequent results. Investigate exceptions and decide whether they are isolated or reveal a structural mismatch between agreements, data and filings. The first control for iXBRL makes the quality of source data visible needs a named owner and recorded conclusion.
Source and background: Digitale rapportage wordt infrastructuur.
