XBRL could help detect corruption in government schemes

XBRL could help detect corruption in government schemes

“XBRL can help detect things like leakages, misuse, under utilization of funds, etc. at very disaggregated levels,” said G. Ramaswamy, president of Icai. “Since these programmes involve Centre, states, districts andpanchayati raj institutions, diversion of funds can happen at any or multiple levels.”