XBRL: The standardised business language for 21st century reporting and governance

Cohen, Eric E.; Schiavina, Teresa; Servais, Olivier

doi:10.1057/palgrave.jdg.2040006

Cited by 33 publications

(24 citation statements)

References 1 publication

Supporting

Mentioning

Contrasting

Unclassified

Order By: Relevance

“…5,9 Adopting XBRL for internal fi nancial data affords opportunity to lower corporate risk, increase effi ciency and transparency and better serve stakeholders and the marketplace. 10 Despite the benefi ts of XBRL touted by the SEC and the XBRL community at large, only 137 of the more than 10 000 registrants adopted XBRL fi ling under the SEC ' s voluntary fi ling programme (VFP). Of the more than 8000 banks required to fi le reports in XBRL to the FFEIC, less than 1 per cent have chosen to participate in the SEC ' s VFP.…”

Section: Introductionmentioning

confidence: 99%

“…Individuals responsible for corporate governance can infl uence the adoption of XBRL as well as have the responsibility for the policies, procedures and practices organisations need covering use of XBRL. 10 A common element of these fi ndings is the importance of the need for stakeholders to develop and accumulate knowledge of the advantages and benefi ts of adopting XBRL, particularly relative to the costs and concerns of its adoption and sharing that information with potential adopters. The outcome of each study is a belief that improved information on the advantages of XBRL, properly communicated will greatly increase its diffusion.…”

Section: Introductionmentioning

confidence: 99%

See 1 more Smart Citation

XBRL: Solving real-world problems

Gray

Miller²

2009

Int J Discl Gov

View full text Add to dashboard Cite

The use of eXtensible Business Reporting Language (XBRL) continues to grow since its public introduction in April 2000. For example, since April 2005, the Securities and Exchange Commission (SEC) has been encouraging Electronic Data Gathering, Analysis, and Retrieval (EDGAR) fi lers to voluntarily furnish XBRL-related documents as attachments to traditional EDGAR fi lings. More recently, the SEC has funded a US $ 54 million project to modernise EDGAR. XBRL is a key component of this modernisation and the mandatory fi ling of XBRL documents was phased in starting in 2009. In October 2005, the Federal Financial InstitutionExamination Council (FFIEC) completed a $ 39 million project that requires over 8000 banks to submit their quarterly call reports to the FFIEC using XBRL. Around the world, several stock exchanges, taxing authorities and other regulatory agencies are requiring organisations that report to them to use XBRL. Beyond the required reporting, XBRL is also providing an improved platform for such things as internal reports and consolidations. Despite the potential benefi ts of XBRL only 137 companies (out of over 10 000 fi lers) participated in the SEC ' s voluntary fi ling programme (VFP). Less than 1 per cent of the banks required to use XBRL for quarterly call reports to the FFIEC are also participating in the SEC ' s VFP. XBRL adoption appears to be sitting on the edge of the chasm between the early adopters, who are tolerant of the issues associated with new technology and are less concerned about near-term Return On Investment (ROI), and the majority of the potential market, who are more sensitive to costs, ROI and ease of use. To help XBRL move over that chasm, our study begins by conducting four focus groups to develop an understanding of the current issues and concerns faced by organisations related to accounting, fi nancial reporting and auditing. The specifi c issues and questions regarding XBRL were subsequently summarised and forwarded to selected members of the XBRL community, who were asked to suggest how XBRL addressed those issues, concerns and questions. The fi ndings are that the XBRL community feels that XBRL technology can fulfi ll the needs of the fi nancial reporting community and that further awareness within that community is needed before there will be

show abstract

Section: Introductionmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

XBRL: Solving real-world problems

Gray

Miller²

2009

Int J Discl Gov

View full text Add to dashboard Cite

show abstract

“…XBRL has evolved as the benchmark for electronic disclosures (Cohen et al, 2005;Chen and Sun, 2009;Debreceny et al, 2010;Alles and Piechocki, 2012;Liu et al, 2014). There are many articles within the literature which conclude that XBRL has the capability to enhance clarity and improve CG for financial reporting (Roohani et al, 2010;Alles and Piechocki, 2012;Müller-Wickop et al, 2013).…”

Section: Framework Of Researchmentioning

confidence: 99%

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

Beerbaum

2015

SSRN Journal

View full text Add to dashboard Cite

“…From the mechanism of XBRL preparing financial statements, the author thinks that XBRL financial reporting conversion should follow the following four basic principles to insure XBRL financial report conversion quality [24] .…”

Section: Specific Measures Improving the Conversion Quality Of Accounmentioning

confidence: 99%

Influence of XBRL on the accounting information quality

Jiujin

Wang

Gong

2013

2013 International Conference on Management Science and Engineering 20th Annual Conference Proceedings

View full text Add to dashboard Cite

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.

show abstract

XBRL: The standardised business language for 21st century reporting and governance

Cited by 33 publications

References 1 publication

XBRL: Solving real-world problems

XBRL: Solving real-world problems

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

Influence of XBRL on the accounting information quality

Contact Info

Product

Resources

About