XBRL implementation is gathering pace (see my blog XBRL - more than just a regulatory tool ? ) and alongside I am starting to hear concerns with the way things are progressing.  There are worries about the impact of XBRL on internal management accounting and also concerns linked with the proposed switch to IFRS for SMEs in the UK.  On a positive note, the European Federation of Accountants (FEE) has produced a useful project update on XBRL which is well worth a read.

XBRL has been around for over ten years and for a long time has been a technology that has fallen into my 'must get around to learning more about this sometime' category.  But recent events have prompted me to dig deeper and what I have discovered has been a real eye opener.

Look beyond the proposed 50% tax rate announced in the 2009 UK Budget and you will see what might be the first steps towards creating a US-like Sarbanes-Oxley regime in the UK.

The new requirement for the Senior Accounting Officer to certify that a company's internal controls are adequate for the purpose of accurate tax reporting seems to be working against various initiatives to reduce the administrative burden on companies.