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Publication:

Are you ready to face the challenges of the new FRS and full iXBRL tagging in 2016

20 April 2016

The ‘full’ iXBRL tagging regime that came in alongside the new Financial Reporting Standards is exposing businesses to increased risk of an iXBRL triggered HMRC enquiry. The new taxonomy is nearly five times larger and more complex than during the ‘soft landing period’ and most firms will need to make more disclosures in new Financial Reporting Standards. Ensure you are fully aware of the challenges that this brings.