Computer-Assisted Functions for Auditing XBRL-Related Documents

Boritz, J. Efrim; No, Won Gyun

doi:10.2308/jeta-51436

Cited by 10 publications

(3 citation statements)

References 18 publications

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“…The first one highlights the assurance of XBRL-related documents: Srivastava and Kogan (2010) develop a framework of assertions for validating XBRL instance document filed with the SEC; Boritz and No (2016) propose audit objectives, tasks, and computer-assisted functions for the same goal (but applicable, according to the authors, also in other countries); Alles and Gray (2012) develop a framework related to the demand for external XBRL assurance and based on relative cost comparisons.…”

Section: Cluster "Audit and Assurance"mentioning

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: Cluster "Audit and Assurance"mentioning

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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“…The SBR Board and Australian businesses might find validation frameworks proposed by researchers useful (Boritz & No, 2011;Srivastava & Kogan, 2010). Moreover, enforcing accountability could help tackling the quality assurance problem.…”

Section: Toe Technological Perspective: Qualitymentioning

confidence: 99%

Standard Business Reporting in Australia: Past, Present, and Future

Lim

Perrin

2014

AJIS

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Standard Business Reporting (SBR) is an Australian government initiative aimed at enhancing business productivity by reducing compliance costs. This initiative commenced in 2010 and is based on an international reporting language, eXtensible Business Reporting Language (XBRL). To date, general awareness or knowledge of the program is limited and the adoption rate by businesses is far below the government's expectations. The objective of this paper is twofold. First, it describes in detail the different components of SBR and provides a clear overview of how the components work together. Second, it examines the issue of SBR adoption in Australia using the diffusion of innovation (DOI) model and the technology, organization, and environment (TOE) framework. Results show that the most relevant factor in the DOI model is relative advantage. Compatibility does not appear to be a problem to businesses but complexity potentially is an issue. Moreover, enhancing trialability and observability can help promote SBR. In the context of the technological perspective in the TOE framework, perceived costs is an obstacle to SBR adoption as insufficient information is available. The quality of SBR reports has hardly been mentioned or discussed but it is an important factor for the long term success of the SBR. The most salient issue in the organizational perspective is the lack of awareness and expertise on SBR and XBRL among business managers and accountants. In the environmental perspective, there is an increasing pressure for SBR adoption but the external support to help businesses appears to be insufficient. The discussions in this paper provide useful information to managers and accountants on how the SBR components work together. The findings also provide specific recommendations to the government agency in charge of SBR to help the further development and adoption of the program.

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“…This research has explored how to associate an audit report with a digital corporate report (Cohen et al 2014), and how to draw opinions on the fairness of presentation in a digital reporting environment (Srivastava and Kogan 2010;Boritz and No 2016). Other studies have explored how one can decide on the controls relating to the production of digital corporate reports (Boritz and No 2016), the use and appropriateness of reporting extensions No 2009, 2016), and the amount of tags to be sampled in an assurance engagement (Plumlee and Plumlee 2008).…”

Section: Impact Of Digital Corporate Reporting and Xbrl On Audit And Assurancementioning

confidence: 99%

Digital Corporate Reporting: Research Developments and Implications

Troshani

Rowbottom

2021

Australian Accounting Review

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Innovations surrounding digital corporate reporting and underlying technology such as XBRL have been slowly introduced to corporate reporting infrastructure since the early 2000s. These innovations promise to enhance the accessibility, accuracy and comparability of reported information, and more effectively meet the needs of information users. Whilst research in the last two decades has attempted to provide evidence of the impact of digital corporate reporting, it remains largely fragmented and sparse. We take an eclectic perspective to review and synthesise existing research on digital corporate reporting and assess the broader research implications for key stakeholders, including preparers and users of corporate reports, regulators and standard-setters. In doing so, we offer an appraisal for those contemplating the growing influence of digital corporate reporting, and identify opportunities and avenues for future research.

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Computer-Assisted Functions for Auditing XBRL-Related Documents

Cited by 10 publications

References 18 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

Standard Business Reporting in Australia: Past, Present, and Future

Digital Corporate Reporting: Research Developments and Implications

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