IRIS Taxonomy and Consultancy Services

IRIS has an established practice in the area of taxonomy development and testing. IRIS’s Taxonomy Design and Management methodology provides organizations with a structured approach to create and manage taxonomies. This methodology has been successfully leveraged to create XBRL taxonomy across several countries.

We have covered GAAP based reporting, prudential reporting for banking and insurance sectors, business registrar requirements, Islamic reporting requirements to name a few.

Our XBRL Taxonomy Experts have worked and have excellent understanding of IFRS taxonomies, US-GAAP, DPM based taxonomies, non-financial taxonomies like GRI, Corporate Actions. IRIS has also created several private taxonomies for organizations where it has offered XBRL services. IRIS is actively involved in reviewing and testing of taxonomies which are released for public comments and review

The pool of consultants in our XBRL Taxonomy and Consultancy practice consists of professionals with rich experience in all stages of XBRL information supply chain. This enables IRIS conduct pilot studies to demonstration use and application of XBRL in different areas, provide real-life and practical scenarios, identify the problem areas and suggest solutions best suited for the requirements.