(19) List down users of ‘XBLR’?
Answer:
- The international XBRL consortium is supported by more than 600 member organizations, from both the private and public sectors.
- XBRL is used for different purpose and by
different entities including b
(1)Regulators:
- Financial regulators that manage complex performance and maintains risk information about the institutions that they regulate.
- Securities regulators and stock exchanges that need to monitor the compliance of listed companies and securities.
- Business registrars that need to maintain and publish a range of corporate data to general public.
- Tax authorities that need financial and other compliance information from companies to monitor their corporate tax affairs.
- Statistical and monetary policy authorities that analyze financial performance information from many different organizations.
(2)Company:
- Companies that need to provide information to one or more of the regulators.
- Enterprises that need to accurately move information in a complex structure.
- Supply chains that need to exchange information within group for risk management.
- Government agencies that are simplifying and improving reporting process by either harmonizing data definitions or consolidating reporting obligations.
(4)Data Providers:
- Entities involved in providing data, create comparisons, ratings and other value-added information products for other market participants.
- Analysts that need to understand market performance and risk.
- Investors that need to evaluate various investments
and understand the performance of existing investments.
(6)Accountants:
- Accountants use XBRL to support various reporting obligations of the clients and are often involved in the preparation of XBRL reports.