Guidance gives internal auditors role in interactive filing

10/17/2008 | CFO.com

Companies' internal auditors, who say they've been left out the preparation for the data-tagged XBRL filing of financial statements, will be brought into the process by new guidance from the Institute of Internal Auditors. More than 90% of internal auditors surveyed said they'd like some advice on their role in the preparation and filing of financial statements with interactive data. But more than half of the auditors responding said they didn't have any XBRL knowledge at all, while 42% said they only know the basics. For more information on XBRL, visit the AICPA's Web site.

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