Is there a Conflict between Principles-based Standard Setting and Structured Electronic Reporting with XBRL?

National standardsetters and other observers continue to express concerns over a principles-based developed IFRS taxonomy. Based on the comments as part of consultation phase taxonomy due process worries exist that combine with standard might negatively impact nature standards. Recent IASB “IFRS Taxonomy Due Process” contain more arguments why accounting are perceived conceptual conflict. Although there is conflict between development compared template based rule-based framework, this appears in case only minor one. faced for many years well aware that. A common practice approach was applied, which also intended overcome XBRL has further attempted bridge by offering multidimensional modeling ac-counting standards multi-extensible elements. This enables elements flexibility, particularly requires.