Investors don’t want paper according to research by the University of Leipzig in Germany, with 96 percent of investors basing their investment decisions on information they find online (we assume the other 4% are using a dart board). And governments around the world are right behind them. According to Grant Hehir, Auditor-General of New South Wales, […]
In a joint submission, CPA Australia and the Institute of Chartered Accountants in Australia (ICAA) supported mandated use of XBRL for reporting with the stipulations that is be only for listed companies and with at least a five year implementation period. Read the article. http://www.istockphoto.com/photo/currency-and-paper-money-of-australia-26324001?st=c61c6a0
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