UK accountancy practices are successfully
adopting iXBRL as they edge closer to the April 2011 implementation
deadline, according to software provider IRIS.
Since the start of this financial year, 51% of
the 120,000 electronic returns submitted to the UK Treasury (HMRC)
using IRIS software were transmitted as iXBRL documents.
The electronic returns submitted using IRIS
software made up 49% of the total submissions filed with HMRC.
Is the industry ready for iXBRL?