XBRL Implementation in the European Union: Exploring Preparers’ Points of View

Fabio, Costanza Di; Roncagliolo, Elisa; Avallone, Francesco; Ramassa, Paola

doi:10.1007/978-3-319-90503-7_4

Cited by 8 publications

(6 citation statements)

References 52 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…To examine our research questions, we considered Poland as a case study. Before the ESEF requirements came into force, XBRL or Inline XBRL adoption had been under consideration at the national level within the EU (Di Fabio, Roncagliolo, Avallone, Ramassa, 2019). As a result, the dissemination of these technologies varied in diverse geographical locations there.…”

Section: Methodsmentioning

confidence: 99%

“…For instance, on the one hand, Pinsker and Li (2008) observe the low-cost perception of XBRL adoption among surveyed companies. On the other hand, Di Fabio et al (2019) indicate that ESMA's public consultation participants drew attention in their comments to the advantage of implementation and maintenance costs over potential benefits. In the same vein, Collis, Alkhatib and de Cesare (2018) and Dunne et al (2009) emphasise the particularly high costs of software solutions.…”

Section: Rq 2: Benefits Drawbacks and Costs Of Inline Xbrl Introducti...mentioning

confidence: 99%

See 1 more Smart Citation

An Exploratory Study on Preparers’ Perception of ESEF Reporting: Evidence from the Warsaw Stock Exchange

Miścikowska

2022

Folia Oeconomica Stetinensia

View full text Add to dashboard Cite

Research background: This paper focuses on the preparers’ opinion on reporting in the European Single Electronic Format (ESEF). Purpose: The goal of the paper is to examine the preparers’ perception of adopting Inline XBRL as a fundamental technology to report annual consolidated financial statements under International Financial Reporting Standards (IFRS) within the ESEF framework. Research methodology: In the present work, Poland was considered as a case study. Using the survey, we obtained evidence from 25 issuers of securities listed on the Warsaw Stock Exchange, whose financial reports were complied with IFRS. Results: The questionnaires were completed in the majority by issuers with no previous experience in XBRL utilisation. One of the more significant findings to emerge from this study is that respondents could not be able to judge the appropriateness of Inline XBRL selection as a digital reporting format, or they disagreed with it. Furthermore, over half of them saw no need to extend this technology to other business reports, including non-financial reporting. Novelty: The paper can offer valuable pre-insights into preparers’ perception of introducing Inline XBRL in the context of ESEF reporting and ensure initial feedback to the policy-makers responsible for ongoing and forthcoming digital reporting standards initiatives in the European Union.

show abstract

Section: Methodsmentioning

confidence: 99%

Section: Rq 2: Benefits Drawbacks and Costs Of Inline Xbrl Introducti...mentioning

confidence: 99%

An Exploratory Study on Preparers’ Perception of ESEF Reporting: Evidence from the Warsaw Stock Exchange

Miścikowska

2022

Folia Oeconomica Stetinensia

View full text Add to dashboard Cite

show abstract

“…According to the Commission Delegated Regulation (EU) 2019/815 of December 17, 2018, which defines the specification of ESEF, annual consolidated financial statements of issuers of securities admitted to trading on EU-regulated markets, prepared under International Financial Reporting Standards (IFRS), should be only produced using Inline XBRL (EC 2018). As expected by the European Commission (EC), this technology should impact all relevant stakeholders positively (Di Fabio et al 2019). Also, a considerable amount of prior academic literature on the topic has emphasized various potential benefits of XBRL-enabled financial reporting (e.g., Gunn 2007;Steenkamp & Nel 2012;Liu 2013).…”

Section: Introductionmentioning

confidence: 95%

“…In the case of the European Union (EU) Member States, XBRL and Inline XBRL have been voluntarily implemented for financial reporting purposes at the national level so far. However, with the emergence of the European Single Electronic Format (ESEF), this circumstance has changed for a specific group of entities, starting with reporting periods beginning in 2020 or later (Di Fabio et al 2019).…”

Section: Introductionmentioning

confidence: 99%

Preparers’ readiness for ESEF reporting: Early evidence from the Warsaw Stock Exchange

Miścikowska

2021

View full text Add to dashboard Cite

Due to the recent introduction of the European Single Electronic Format (ESEF) in the European Union (EU), the study aims to explore the readiness of issuers of securities traded on EU-regulated markets to report their annual consolidated financial statements prepared under International Financial Reporting Standards (IFRS) using the Inline XBRL technology. The paper also offers preliminary insights into their selection of Inline XBRL implementation strategies. The study was conducted in the form of an online survey, with evidence being solicited from issuers of securities listed on the Warsaw Stock Exchange in Poland, whose financial reports were prepared in conformity with IFRS. In doing so, 35 representatives of public companies participated in our study, 25 of whom correctly completed the questionnaires. The results reveal that during the time frame of the study, the vast majority of surveyed organizations have already been in the process of adjusting their corporate procedures, practices, and infrastructures to the ESEF reporting requirements. In the context of theoretical preparedness, one of the significant findings to emerge from this study is that respondents acquired their expert knowledge in the field of ESEF mainly from webinars, conferences, training courses, and workshops. In turn, relating to practical readiness, the results indicate that respondents intended to use off-the-shelf tools or employ third-party service providers to produce Inline XBRL instance documents. Their decision to choose Inline XBRL implementation strategies, based on outsourcing and the bolt-on approach, aimed to comply with new regulations or to prevent modification of existing corporate reporting procedures and practices. Therefore, this study contributes to prior literature on XBRL and Inline XBRL standards adoption as well as implementation by focusing on the perspective of actors directly involved in the mandatory transition to the ESEF reporting regime.

show abstract

“…To meet stakeholder insistences for more preponderant speed and volume of communications, the extensible business reporting language (XBRL) is a fast-growing international reporting standard for e-reporting of corporate accounts (SEC, 2009). In the past 20 years, XBRL has been used in approximately 50 countries worldwide (Di Fabio et al , 2019). Fortified by large corporations and regulators worldwide, XBRL is set to engender incipient benchmarks for the expeditious dissemination of corporate information among stakeholders.…”

Section: Introductionmentioning

confidence: 99%

Understanding inhibitors to XBRL adoption: an empirical investigation

Singh

Singh²

2021

ARJ

View full text Add to dashboard Cite

Purpose This study aims to investigate the awareness of extensible business reporting language (XBRL) and the perception of chartered accountants of India concerning the inhibitors of XBRL adoption, namely, environmental, organizational and innovation factors developed by Troshani and Rao (2007) from Rogers’ innovation diffusion theory. In addition, the analysis also investigated the relationship between the perception of issues regarding XBRL adoption and individual characteristics (training, age, gender and professional experience). Design/methodology/approach A Web-based questionnaire was circulated through e-mail to chartered accountants registered with the Institute of Chartered Accountants India (ICAI) and 233 chartered accountants responded to the questionnaire. The data was analyzed using reliability statistics and multivariate regression analyses. Findings The results indicate that accountants perceived that environmental, organizational and innovational factors were challenging in adopting XBRL. Interestingly, training and experience were significant factors in explaining respondents’ perceptions. Practical implications From a practical panorama, the significance of issues implies that associations such as XBRL International, XBRL India, ICAI and the Ministry of Corporate Affairs should collectively take the appropriate steps to sustain and ameliorate the reliability and adoption of XBRL. Social implications The results can motivate ICAI/Institute of Company Secretaries of India (ICSI) courses to teach academic content about XBRL. Originality/value The present study differs from previous research because it examines the inhibitors in adopting XBRL, namely, environmental, organizational and innovation factors, in an empirical setting. Moreover, to the best of the author’s knowledge, this is the first study to analyze the influence of individual factors on accountants’ perceptions about inhibitors of XBRL adoption.

show abstract

XBRL Implementation in the European Union: Exploring Preparers’ Points of View

Cited by 8 publications

References 52 publications

An Exploratory Study on Preparers’ Perception of ESEF Reporting: Evidence from the Warsaw Stock Exchange

An Exploratory Study on Preparers’ Perception of ESEF Reporting: Evidence from the Warsaw Stock Exchange

Preparers’ readiness for ESEF reporting: Early evidence from the Warsaw Stock Exchange

Understanding inhibitors to XBRL adoption: an empirical investigation

Contact Info

Product

Resources

About