An excellent article in the Journal of Accountancy – Avoiding Common Errors of XBRL Implementation – has some useful best practice advice in the sections entitled ‘Mapping Tips’ and ‘A Strong Process for Preparing XBRL Documents’. Two of the article tips in particular are worth highlighting here:

Educate management that ownership of XBRL submissions belongs to the company, not the outsourcer.

Educate management that this is an accounting and reporting process, not an IT process.

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Stewart McKie is Stewart McKie has 25 years of IT industry experience. His education includes a MSc in Organization Consulting and a MA in Screenwriting. He was the Technology Editor of Business Finance magazine during 1995-2000 and also wrote regular features for Intelligent Enterprise magazine. He is the author of six books on accounting software and over 50 technology white papers.
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