Effects of the SEC's XBRL mandate on financial reporting comparability

Dhole, Sandip; Lobo, Gerald J.; Mishra, Sagarika; Pal, Ananda Mohan

doi:10.1016/j.accinf.2015.11.002

Cited by 55 publications

(38 citation statements)

References 25 publications

Supporting

Mentioning

Contrasting

Unclassified

Order By: Relevance

“…A move is underway to make financial information more readily available to users (Sun et al ., ). The global adoption of tagged data formats such as eXtensible Business Reporting Language (XBRL) and Standard Business Reporting (SBR) are an attempt to provide detailed information to financial statement users (Cordery et al ., ), but to date these formats have appeared to obfuscate financial reporting information (Dhole et al ., ). While no mechanism is currently in place for assuring the tags in financial statements, the American Institute of Certified Public Accountants has issued guidance on Audit Data Standards that are voluntary but uniform (AICPA ).…”

Section: Behavioural Financial Accounting Researchmentioning

confidence: 97%

The changing technological environment and the future of behavioural research in accounting

Arnold

2016

Accounting & Finance

View full text Add to dashboard Cite

In an era where the pace of change continues to escalate, behavioural research provides an ongoing avenue for explaining the likely effects of emergent changes on decision-making by providers, users and assurers of accounting information, and for providing ex ante enlightenment for policy-makers. The purpose of this discussion is to identify contemporary changes affecting the accounting environment, discuss the potential impact to individual and organisational decision-making, and explore how behavioural research can be utilised to examine these changes. Specifically, this discussion focuses on the impact that technological changes have had on financial reporting, external auditing and managerial accounting, with an eye towards the potential for these changes to radically alter the future of accounting and auditing research. This article is based on my plenary speech at the 2013 AFAANZ Annual Conference held in Perth, Australia. I thank both Sue Wright and David Lont, presidents of AFAANZ, for giving me the opportunity to synthesise research on the impact of technology on accounting, and to present that discussion in this forum. Over the past twenty years, I have had the opportunity to work with some of the finest academics in the world, either directly as my coauthors or indirectly through involvement in their PhD thesis work. Most of these academics are from the AFAANZ community -people like Stewart Leech at the University of Melbourne, Phil Collier formerly at the University of Melbourne, Carlin Dowling formerly at the University of Melbourne, Mohamed Elbashir and Habib Mahama both formerly at Australian National University, Poh Sun Seow, a graduate of University of Melbourne, now at Singapore Management University, and Jake Rose at Victoria University in New Zealand. These people and their work have profoundly influenced my thinking and my research about the impact of technology on the accounting domain. I would like to thank Steve Sutton for his invaluable help in preparing both the plenary speech and writing this article.© 2016 AFAANZ Accounting and Finance 58 (2018) 315-339

show abstract

Section: Behavioural Financial Accounting Researchmentioning

confidence: 97%

The changing technological environment and the future of behavioural research in accounting

Arnold

2016

Accounting & Finance

View full text Add to dashboard Cite

show abstract

“…We add to prior literature by not only examining the benefits to the filers themselves, but also the benefits arising from their use of the XBRL/iXBRL data filed by other small private companies that is available from the Companies House website. The ultimate purpose of digital reporting in XBRL format is to enhance the quality and usefulness of financial information to users (Baldwin et al, 2006;Dhole et al, 2015). Several studies that have examined benefits of digital reporting via XBRL to users other than filers have consistently shown that XBRL speeds up the accessibility of information (Bonson et al, 2009), reduces the cost of acquiring digital information (Baldwin and Trinkle, 2011) and enhances the reuse of reports (Farewell and Pinsker, 2005).…”

Section: Technology Contextmentioning

confidence: 99%

“…XBRL allows companies to file one set of information instead of filing it repeatedly in different forms to different government agencies for different purposes (Sinnett and Willis, 2009). It requires the creation of a taxonomy that provides standardised information descriptions and formats, and allows the data to be tagged (Dhole et al, 2015). This drives out duplicated data and unnecessary descriptions (Eierle et al, 2014).…”

Section: Introductionmentioning

confidence: 99%

Determinants of the voluntary adoption of digital reporting by small private companies to Companies House: Evidence from the UK

Alkhatib

Ojala

Collis

2019

International Journal of Accounting Information Systems

View full text Add to dashboard Cite

This study examines the factors that influence the voluntary adoption of the digital reporting of the statutory accounts and returns to the company registry (Companies House) by small private companies in the UK. We analyse survey data from 343 members of the Association of Chartered Certified Accountants working in small companies or in practices with small company clients in the UK. The data is examined using statistical methods, mainly PLS-SEM. Our results show the following factors positively influence the voluntary adoption of digital reporting by small private companies: the relative advantage from standardisation benefits, the company's technology competence and support from top management. We also provide evidence that the complexity of the company's accounting system and technology costs inversely influence this voluntary adoption. The study contributes to the emerging literature by expanding our understanding of how the standardisation of financial information flows benefits small private companies. The results should be of interest to small companies and their accountants, regulators in the UK and other jurisdictions planning digital reporting initiatives or seeking to reduce administrative burdens on smaller entities.

show abstract

“…Accordingly, the use of XBRL is expected to help build a more stable and consistent reporting system that makes the use of financial information more efficient and effective (Pinsker & Li, 2008). More recently, Dhole, Lobo, Mishra, and Pal (2015) examine the implications of the SEC's XBRL mandate for financial statement comparability.…”

Section: Financial Reporting and Xbrlmentioning

confidence: 99%

A Graph Mining Approach to Identify Financial Reporting Patterns: An Empirical Examination of Industry Classifications

et al. 2018

View full text Add to dashboard Cite

This study proposes a quantitative method using the eXtensible Business Reporting Language financial accounting taxonomies to identify firms' common business characteristics and demonstrates that this graph mining approach can effectively identify industry boundaries. The premise of this method is based on the previous findings that financial accounts and the structural semantic information represented in financial statements reveal firms' general business operations and common characteristics if they have similar business models. Specifically, we introduce a graph similarity metric combined with spectral clustering algorithm to quantify the similarity of financial disclosures. Through industry classification comparison with the traditional classification schemes, the Standard Industrial Classification and the North American Industry Classification System, we show that the proposed method consistently clusters firms into their respective industries based on financial disclosures with significantly lower variance in a time‐varying fashion. This novel graph mining method provides an automated way for decision makers to identify common business operations as well as detecting potential financial fraud and uncovering accounting information misrepresentation.

show abstract

Effects of the SEC's XBRL mandate on financial reporting comparability

Cited by 55 publications

References 25 publications

The changing technological environment and the future of behavioural research in accounting

The changing technological environment and the future of behavioural research in accounting

Determinants of the voluntary adoption of digital reporting by small private companies to Companies House: Evidence from the UK

A Graph Mining Approach to Identify Financial Reporting Patterns: An Empirical Examination of Industry Classifications

Contact Info

Product

Resources

About