Institutionalisation of XBRL in the USA and UK

Abdullah, Aminah; Khadaroo, Iqbal; Shaikh, Junaid M.

doi:10.1504/ijmfa.2009.025057

Cited by 33 publications

(33 citation statements)

References 12 publications

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“…In agreement with Cordery et al (2011) and Abdullah et al (2009), we believe that firms need a minimum of government "push" for XBRL adoption in order to be guided to explore the technology's benefits for financial reporting. Further studies should review the application of the "push" initiatives in other countries and industries while taking into account the role of XBRL users along the entire information supply chain.…”

Section: Discussionmentioning

confidence: 96%

“…1 This contrasts with the "pull" adoption mechanism typical of the open source movement, like XBRL, 2 under which the standard would be voluntarily demanded by the preparers and end users of financial reports (Locke and Lowe, 2007). According to a recent study (Abdullah, Khadaroo, and Shaikh, 2009), the adoption of XBRL is determined by stronger institutional "coercive" pressures. Another survey (Cordery, Fowler, and Mustafa, 2011) reveals that the lack of a government "push" for XBRL is the main reason restraining adoption of XBRL by firms.…”

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confidence: 99%

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XBRL for Financial Reporting: Evidence on Italian GAAP versus IFRS

Valentinetti

Rea

2013

Accounting Perspectives

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The systematic adoption of the eXtensible Business Reporting Language (XBRL) for financial reporting represents a great challenge. Worldwide, a large number of regulators are making an effort to promote the adoption of this standard to simplify and enhance the communication of financial information. This requires the definition of well-structured taxonomies that can standardize and accommodate the content of financial reports prepared by firms. This study aims to analyze the regulator-led adoption of XBRL for financial reporting. It examines the XBRL taxonomies used by Italian firms to reflect their financial reporting under rulebased Italian GAAP and principles-based International Financial Reporting Standards (IFRS). We compare the alignment of the Italian GAAP taxonomy and the IFRS taxonomy with Italian companies' financial statements and find two different levels of fit. The results offer useful insights for regulators and policy makers in prescribing or establishing appropriate taxonomies. We illustrate the potential impacts of the different taxonomies on the quality of financial reporting in terms of comparability and potential loss of information. L'INFORMATION FINANCI ERE EN MODE XBRL : PCGR ITALIENS ET IFRS RÉSUMÉ L'adoption syst ematique de l'eXtensible Business Reporting Language (XBRL) dans la communication de l'information financi ere est un enjeu de taille. Partout dans le monde, de nombreuses autorit es de r eglementation s'efforcent de promouvoir l'adoption de cette norme pour simplifier et favoriser la communication d'information financi ere. Cette conversion exige la d efinition de taxonomies bien structur ees, aptes a normaliser et a traiter le contenu des rapports financiers pr epar es par les soci et es. Les auteurs ont pour but d'analyser l'adoption du XBRL dans la communication de l'information financi ere, a l'initiative des autorit es de r eglementation. Ils etudient les taxonomies XBRL utilis ees par les soci et es italiennes pour convertir leur information financi ere etablie conform ement aux PCGR italiens, fond es sur les r egles, et aux normes internationales d'information financi ere (IFRS), fond ees sur les principes. Les auteurs comparent l'alignement de la taxonomie des PCGR italiens et de celle des IFRS dans les etats financiers des soci et es italiennes et observent deux niveaux d'ad equation diff erents. Les r esultats fournissent aux autorit es de r eglementation et aux responsables de l' elaboration des politiques des renseignements utiles en ce qui a trait a la prescription ou a

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Section: Discussionmentioning

confidence: 96%

mentioning

confidence: 99%

XBRL for Financial Reporting: Evidence on Italian GAAP versus IFRS

Valentinetti

Rea

2013

Accounting Perspectives

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“…This study chose the regulators in the financial reporting environment to be the respondents in this study. The regulators in the financial reporting environment play a key role in expediting XBRL adoption (Abdullah, Khadaroo and Shaikh, 2009;Cordery et al, 2011;Dunne et al, 2013). Studies have shown that the regulators in many countries have keen interest in XBRL (Weber, 2003).…”

Section: The Respondentsmentioning

confidence: 99%

Factors Influencing Knowledge and Persuasion of Financial Regulators in the XBRL Adoption Process: The Technological Perspective

Ilias¹,

Ghani

Azhar

2019

IJFR

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This study examined the factors influencing XBRL adoption process among the Malaysian regulators in the financial reporting environment. Specifically, this study aims to examine the drivers and challenges in the knowledge and persuasion phase faced by the Malasyain regulators in their adoption process of XBRL. This study relied on two frameworks namely, the adoption process framework with specific focus on knowledge and persuasion, and the TOE framework focusing on technological context. Using a qualitative approach, this study found that within the technological context, relative advantage and trialability were the drivers in the knowledge and persuasion phase. This study also found that the regulators were aware of XBRL and had made efforts to understand the XBRL taxonomy. However, the regulators were needed to develop the internal capability of their organisations since different regulators have shown different factors during the knowledge and acquisition phase that is necessary for XBRL adoption. The findings in this study serve as guidelines to other regulators in Malaysia and other countries that have plans to adopt XBRL.

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“…Does XBRL have the potential to help to reduce the complexity of companies' Corporate Governance Reporting (Alles and Piechocki, 2012)? In the academic literature, there are many articles which conclude that it is possible for XBRL to enhance transparency and improve Corporate Governance for financial reporting (Abdullah et al, 2009;Roohani et al, 2010;Alles and Piechocki, 2012;Müller-Wickop et al, 2013): therefore, an additional question is whether the application of XBRL to the non-financial reporting of Corporate Governance can also contribute to enhanced transparency.…”

mentioning

confidence: 99%