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Literature Review of XBRL

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Literature Review of XBRL
Literature Review of XBRL

Group 14:

Literature Review of XBRL
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Abstract
XBRL (eXtensible Business Reporting Language) is a standard XML reporting language to enhance the efficiency, reliability and accuracy of financial reporting. Since its foundation in 1998, XBRL has been developing rapidly in the world. This paper teases out and discusses the literature researches of XBRL from 6 aspects: the production bases of XBRL, the effect of XBRL, the classification criteria formulation of XBRL, the auditing assurance of financial reports based on XBRL, the implementation of XBRL in different countries and some researches about XBRL in China, which reflects the current status of research about XBRL relatively fully.
Keywords: XBRL, Auditing assurance, Classification criteria

1. Introduction
XBRL is one variant of XML (eXtensible Markup Language) for business reporting. XBRL defines financial data on the web with explicit semantics in a machine-readable format, making automated data analysis possible. XBRL is a standard XML reporting language to enhance the efficiency, reliability and accuracy of financial reporting. Data in XBRL format does not need to be converted from one application to another because data are independent of applications by using standard tags for data items (Farewell, 2006). The financial information is presented to the public on the Internet usually in a static format such as PDF or HTML, the XBRL technology offers a way to have dynamic financial information. XBRL can support both financial and non-financial data contexts, which distinguishes XBRL from traditional financial documents (Debreceny et al., 2005).
The use of standard tags in XBRL documents allows for the specific identification, automatic exchange, and reliable extraction of financial information across different software applications. The use of XBRL also eliminates the need for redundant data, facilitates the comparison, the transfer and the



References: 【6】Henderson D, Sheetz S D, Trinkle B S. The determinants of inter-organizational and internal in-house adoption of XBRL: A structural equation model[J]. International Journal of Accounting Information Systems, 2012, 13(2): 109-140. 【7】Murthy U S, Groomer S M. A continuous auditing web services model for XML-based accounting systems[J]. International Journal of Accounting Information Systems, 2004, 5(2): 139-163. 【8】Efrim Boritz J, No W G. Security in XML-based financial reporting services on the Internet[J]. Journal of Accounting and Public Policy, 2005, 24(1): 11-35. 【9】ENI L C. Sistem expert pentru diagnoza ratingului bancar în etapa planificĄrii auditului financiar[J]. Audit Financiar, 2012, 10(94). 【10】Chen Y C. A comparative study of e-government XBRL implementations: The potential of improving information transparency and efficiency[J]. Government Information Quarterly, 2012. 【11】Yoon H, Zo H, Ciganek A P. Does XBRL adoption reduce information asymmetry?[J]. Journal of Business Research, 2011, 64(2): 157-163. 【12】高锦萍. XBRL 财务报告分类标准研究: 质量水平, 经济后果与改进[D]. 上海交通大学博士学位论文, 2007. 【13】杨周南, 朱建国, 刘锋, 等. XBRL 分类标准认证的理论基础和方法学体系研究[J]. 会计研究, 2010 (011): 10-15. 【14】瞿晓龙, 胡国强. XBRL 对会计人才培养的影响与对策[J]. 第九届全国会计信息化年会论文集 (下), 2010. 【15】聂萍, 周戴. 基于 XBRL 环境网络财务报告网页呈现质量实证研究[J]. 会计研究, 2011, 4: 003. 【16】谢筠, 单禹. XBRL 与审计教学改革研究[J]. 会计之友, 2011, 21: 011. 【17】Standard Business Reporting NL (HNTP) (2009). Signing covenants next step towards large-scale XBRL filing. The Hague, Netherlands: Ministry of Finance and Ministry of Justice. 【18】Lymer A, Debreceny R, Gray G L, et al. Business reporting on the Internet[M]. United Kingdom: International Accounting Standards Committee, 1999. 【19】Lymer A, Debreceny R. The auditor and corporate reporting on the internet: challenges and institutional responses[J]. International Journal of Auditing, 2003, 7(2): 103-120. 【20】Debreceny R, Gray G L. Financial reporting on the Internet and the external audit[J]. European Accounting Review, 1999, 8(2): 335-350. 【21】Debreceny R, Gray G L. The production and use of semantically rich accounting reports on the Internet: XML and XBRL[J]. International Journal of Accounting Information Systems, 2001, 2(1): 47-74. 【22】Debreceny R S, Chandra A, Cheh J J, et al. Financial Reporting in XBRL on the SEC 's EDGAR System: A Critique and Evaluation[J]. Journal of Information Systems, 2005, 19(2): 191-210. 【23】Debreceny R, Farewell S. XBRL in the accounting curriculum[J]. Issues in Accounting Education, 2010, 25(3): 379-403. 【24】Amrhein D G, Farewell S, Pinsker R E. Rea and xbrl gl: Synergies for the 21st century business reporting system[J]. The International journal of digital accounting research, 2010, 9(15): 7. 【25】Debreceny R, Farewell S. Adios! Airways: An assignment on mapping financial statements to the US GAAP XBRL taxonomy[J]. Issues in Accounting Education, 2010, 25(3): 465-488. 【28】Piechocki, M., Felden, C., Gräning, A., & Debreceny, R. (2009). Design and standardisation of XBRL solutions for governance and transparency. International Journal of Disclosure and Governance, 6(3), 224-240. 【29】Debreceny R S, Farewell S M, Piechocki M, et al. Flex or Break? Extensions in XBRL Disclosures to the SEC[J]. Accounting Horizons, 2011, 25(4): 631-657. 【30】Piechocki M, Gräning A, Felden C. Multidimensional XBRL Reporting[C]//ECIS. 2007: 1953-1964.

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