<scp>XBRL</scp> for Financial Reporting: Evidence on Italian <scp>GAAP</scp> versus <scp>IFRS</scp>

Valentinetti, Diego; Rea, Michele A.

doi:10.1111/1911-3838.12008

Cited by 23 publications

(11 citation statements)

References 36 publications

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“…We analyzed the network of articles referenced to show that the largest set of connected documents contains 106 publications (74.64% of the dataset), confirming the existence of an integrated XBRL field of study. The five studies with highest indices of bibliographic coupling are Perdana et al (2015), Liu (2013), Valentinetti et al (2012Valentinetti et al ( , 2013, and Birt et al (2017).…”

Section: Articlesmentioning

confidence: 99%

Twenty years of XBRL: what we know and where we are going

Bartolacci

Caputo

Fradeani

et al. 2020

MEDAR

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Purpose This paper aims to extend the knowledge of eXtensible Business Reporting Language (XBRL) to synthesize what 20 years of accounting and business literature on XBRL suggests about the effective improvement from its implementation in financial reporting. Design/methodology/approach A systematic literature review and bibliometric analysis of 142 articles resulted in the identification of 5 primary research streams: adoption issues; financial reporting; decision-making processes, market efficiency and corporate governance; audit and assurance issues; and non-financial reporting. Findings The results reveal a scarcity of studies devoted to explicating the consequences of XBRL implementation on financial reporting outside the SEC’s XBRL mandate and listed companies’ contexts.. Also, some papers’ results question the usefulness of the language on the decision-making process. The overall lack of literature concerning the impact of XBRL on financial statement preparers, especially with reference to SMEs, is evident. Moreover, the consequences on corporate governance choices and the relevant internal decision-making processes are rarely debated. Research limitations/implications The findings are useful for users of companies’ financial disclosure policies, particularly for regulators who manage XBRL implementation in countries where XBRL has not yet been adopted as well as for others working in specific areas of financial disclosure, such as non-financial reporting and public sector financial reporting. Originality/value This study differs from previous literature on XBRL as it focuses on a wider period of analysis and offers a unique methodology – combination of bibliometric and systematic review – as well as a business perspective for deepening XBRL.

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Section: Articlesmentioning

confidence: 99%

Twenty years of XBRL: what we know and where we are going

Bartolacci

Caputo

Fradeani

et al. 2020

MEDAR

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“…There are studies, which analyze the implementation of the IFRS taxonomy under local rule-based accounting regimes (Valentinetti and Rea, 2012;Valentinetti and Rea, 2013). Valentinetti and Rea observe that the degree of misfit between the IFRS taxonomy and template-based standards not only varies with the sector but also with the size of the companies in the Italian market.…”

Section: Literature Review Related To Xbrl Taxonomy and Principles-bamentioning

confidence: 99%

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

Beerbaum¹,

Piechocki²,

Weber³

2018

EFAJ

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Abstract:National standard setters and external accounting observers continue to express concerns over a principles-based developed IFRS taxonomy. Considering the anticipated but unexpected SEC decision on March 3 rd 2017 to adopt the IFRS taxonomy for electronic filings for Foreign Private Issuers by 2018 and the announcement of ESMA on December 22 nd 2016 to base electronic filings in Europe on the IFRS taxonomy by 2020 signal that national regulators, external accounting observers and international regulators have a dissent. This paper reflects the expressed concerns by national standard setters. Applying a scientific approach, a comprehensive literature review is performed. The research question is if the rules-based IFRS taxonomy implies a conceptual conflict with the principlesbased IFRS. This paper concludes considering the academic literature although there is conceptual conflict between a principles-based accounting standard and the template-based taxonomy, from a normative perspective the IFRS taxonomy improves comparability and transparency supporting true and fair view. Our study also contributes to the principles-based vs. rule-based debate in the academic literature. The new aspect is the role of IT with structured electronic reporting, which requires detailed and specific requirements, for which rule-based accounting has advantages over principles-based accounting.

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“…(Mihaela, 2013). XBRL ena-bles a consistent representation of aggregated data that multiple divisions/ subsidiaries provide, as each underlying business transaction can be traced (Valentinetti and Rea, 2013). …”

Section: Xbrl Impacts and Issuesmentioning

confidence: 99%

Towards an XBRL-Enabled Corporate Governance Reporting Taxonomy: An Empirical Study of NYSE-Listed Financial Institutions

Beerbaum

2015

SSRN Journal

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XBRL for Financial Reporting: Evidence on Italian GAAP versus IFRS

Cited by 23 publications

References 36 publications

Twenty years of XBRL: what we know and where we are going

Twenty years of XBRL: what we know and where we are going

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

Towards an XBRL-Enabled Corporate Governance Reporting Taxonomy: An Empirical Study of NYSE-Listed Financial Institutions

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