Influence of XBRL on the accounting information quality

Abstract

The purpose of this paper is to explore the influence ways of eXtensible Business Reporting Language (XBRL) for the accounting information quality. The research finds three accounting information quality standards. They are respectively: general quality standards, conversion quality standards and enhance quality standards. According to the three standards, the research put forward three influence ways and some concrete countermeasures. First, improving the relevance, objectivity, comparability and intelligibility could improve the general quality of accounting information. Second, improving the conversion authenticity, technical compliance and security could improve the conversion quality of accounting information. Third, improving the personality relevance, data efficiency and wide application could improve the enhance quality of accounting information. General accounting information quality is the foundation, conversion accounting information quality is the guarantee and enhance accounting information quality must further enhance the efficiency of the accounting information and capital allocation efficiency.

An International Comparison of the Determinants and Financial Information Quality in XBRL Reporting Environment

“…It is also claimed that it may take some time for the IT investment to fully reflect its value created (Yao, Liu, and Chan, 2010). On the other hand, researchers continue to evaluate the effect of XBRL towards information quality (Jiu-jin, Fu-sheng, and Yan-feng, 2013b;Perdana, 2013;Yuan, 2009), the usage of information in forecast accuracy (Boritz, Efendi, and Lim, 2013;Chunhui Liu, Yao, Sia, and Wei, 2013;Yoon et al, 2011), the issue of data accuracy (Farewell and Debreceny, 2010;Huang, Wang, and Wang, 2011;Q. Li and Wang, 2010) and also on the needs for data assurance (Boritz and No, 2008;Debreceny and Gray, 2001;Plumlee and Plumlee, 2008;Venkatesh and Armitage, 2012).…”

“…Recent studies started to evaluate the reporting quality (Kim, Lim, & No, 2012;Yoon, Zo, & Ciganek, 2011), usage of XBRL reporting data by external users (Fang, J and Levine 2011;Pinsker and Wheeler 2009;Li 2012;Cordery et al 2011;Srivastava and Liu 2012;Liu and Farrell 2013;O'Riain et al 2012) and the impact towards company performance (Bai, Sakaune, & Takeda, 2012;Blankespoor et al, 2012;Jiu-jin, Fu-sheng, & Yan-feng, 2013a;B. R. Pinsker & Li, 2008).…”