Early Evidence on the XBRL Adoption Process in Malaysia: Drivers and Challenges on the Technological Perspective

Ilias, Azleen; Ghani, Erlane K; Azhar, Zubir

doi:10.18510/hssr.2020.82106

Cited by 2 publications

(3 citation statements)

References 20 publications

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“…Table 4 displays that respondents rank XBRL facilitates continuous auditing (4.0167) and XBRL leads to enrichment in internal controls (4.0167) as the first, followed by XBRL eases the procedure of audit (3.9500); XBRL enables auditor to achieve the audit procedure in accurate manner (3.9333); and XBRL diminishes accounting information audit costs (3.8500) respectively. This findings is in line with the Malaysian study conducted by Ilias et al (2017) who found that Malaysian accountant and auditors ranked the facilities continues auditing and leads to enrichment in internal control as first and second respectively.…”

Section: The Influence Of Xbrl On the Auditsupporting

confidence: 90%

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Exploring User Perception of XBRL Adoption and Its Impact on Accounting Data in the Saudi Context

Bajaher¹

2023

Electron. J. Univ. Aden Hum. Social Sci.

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This study aims to investigate the impact of XBRL adoption on accounting data in the Saudi context by examining the perceptions of accounting data users. The main objective of this research is to determine the extent to which users agree on the effect of XBRL implementation on accounting data. The research findings demonstrate that the use of XBRL improves the quality of accounting data and the efficiency of the accounting cycle. The Kruskal Wallis test does not show significant variations in users' perceptions about the effect of XBRL on accounting information. The respondents confirm that XBRL provides additional accessible accounting information. Moreover, the study reveals that accounting data users in the Saudi context believe that XBRL adoption influences the users of financial reports. While users had differing opinions on the cost-effectiveness of accounting analysis, they agreed that XBRL enables continuous auditing and enhances internal controls. Additionally, the Kruskal Wallis test does not reveal any significant variations in users' perceptions regarding the impact of XBRL on audit. Overall, the research indicates that the adoption of XBRL has a positive influence on accounting data and its utilization in the Saudi context.

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Section: The Influence Of Xbrl On the Auditsupporting

confidence: 90%

“…In other words, Saudi users believe that XBRL technology have an effect on the audit process. Ilias et al (2017) found that Malaysian accountants and auditors agree XBRL facilitates continues auditing, reduces accounting statements audit costs and leads to enrichment in internal controls.…”

Section: The Influence Of Xbrl On the Auditmentioning

confidence: 99%

Exploring User Perception of XBRL Adoption and Its Impact on Accounting Data in the Saudi Context

Bajaher¹

2023

Electron. J. Univ. Aden Hum. Social Sci.

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“…Similarly, the National Bank of Cambodia has indicated its interest to start implementing XBRL, but they are still working on initiatives prior to adopting XBRL (XBRL International, 2019). In Malaysia, various studies have suggested that companies lacked of submission of XBRL (Homayoun, Rahman, & Bashiri, 2011;Ilias & Ghani, 2015;Ilias, Ghani, Azhar, & Said, 2016;Hafiz et al, 2022;Jammeh, 2022). Similar results were found by Ilias and Ghani (2015) whereby out of the 100 public listed companies, 24 had prepared their financial reporting using HTML and online interactive methods but not XBRL.…”

Section: Literature Reviewsupporting

confidence: 54%

Examining XBRL Adoption Process of Four Regulators using the Diffusion of Innovation Theory on Organisational Context: A Malaysian Evidence

Ghani¹,

Ilias²,

Azhar³

2023

R. Econ. and Finan.

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This study investigates the organisational factors that influence the XBRL adoption process involving three phases namely, knowledge and persuasion, decision making and, implementation and confirmation phase. This study utilises the Diffusion of Innovation theory and the qualitative approach on four regulators in the financial reporting environment in Malaysia. This study finds that in the knowledge and persuasion phase, management support is the driving factor whilst lack of expertise, skills and knowledge on XBRL are challenges. In the decision-making phase, capability and data assurance are challenges whilst in the implementation and confirmation phase, resource capacity, adoption cost and financial resources are the driving factors to XBRL adoption process. This study finds lack of expertise, skills and knowledge have encouraged the regulators to rely on external sources in development of XBRL. The findings in this study shed some lights on the XBRL adoption process among regulators and contributes to the financial reporting landscape.

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Early Evidence on the XBRL Adoption Process in Malaysia: Drivers and Challenges on the Technological Perspective

Cited by 2 publications

References 20 publications

Exploring User Perception of XBRL Adoption and Its Impact on Accounting Data in the Saudi Context

Exploring User Perception of XBRL Adoption and Its Impact on Accounting Data in the Saudi Context

Examining XBRL Adoption Process of Four Regulators using the Diffusion of Innovation Theory on Organisational Context: A Malaysian Evidence

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