Related Links
News
Statistics
| Number of Journals | 25 |
| Number of Issues | 918 |
| Number of Articles | 7,565 |
| Article View | 12,275,710 |
| PDF Download | 8,681,655 |
Language (XBRL) on Improving the Quality of Financial Reporting, Increasing the Transparency of Financial Information and Reducing Information Asymmetry | ||
| حسابداری و منافع اجتماعی | ||
| Article 8, Volume 7, Issue 3 - Serial Number 26, December 2017, Pages 41-60 PDF (1.48 M) | ||
| Document Type: Research Paper | ||
| DOI: 10.22051/ijar.2017.16509.1328 | ||
| Authors | ||
| Jamal Mohammadi* 1; Ali Khozain2 | ||
| 1Ph.D. student, Accounting department of Ali Abad Katoul Branch, Azad University, Ali Abad Katoul, Iran | ||
| 2Assistant Professor of Accounting Unit Ali Abad Katoul University, Azad University, Aliabad Katoul, Iran, | ||
| Abstract | ||
| Abstract Thereporting language in new era is extensible business reporting language. This language, as a powerful tool, facilitates the efficiency and effectiveness of the financial reporting process, and improves the process of information education and transparency in disclosure. Therefore, the present study examines the role of implementing the Extensible Business Reporting Language (XBRL) on improving the quality of financial reporting and increasing the transparency of financial information and reducing information asymmetry. The research is applied, analytical-survey method and statistical society, the auditors are independent and are members of the Iranian Association of Official Accountants in order to obtain their views, a questionnaire was designed for three hypotheses, and 21 questions were distributed randomly among 165 members of the community, in the year 2016. finally 150 questionnaires were completed by sample members. Then analyzed by statistical methods (binomial test and t test) . The results of the research confirmed the research hypotheses and showed that the implementation of the Extensible Business Reporting Language (XBRL); improved the quality of financial reporting, improving the transparency of financial information and reducing information asymmetry. | ||
| Keywords | ||
| Key Words:" Extensible Business Reporting Language (XBRL)"; "Quality improvement"; " Transparency of information"; "Information symmetry"; " Business reporting" | ||
| References | ||
|
Alles, M. G. L. Gray. (2012). A Relative cost Frame-work of Demand for External Assurance of XBRL Filings. Journal of Information Systems, 26 (1) ,103-126. Alles, M. Pichoki, M. (2012). Will XBRL improve corporate governance? International Journal of Accounting information Systems, 13, 108-91. Arab Mazar Yazdi, M. Jaberi Nasab, B. (2009). XBarral, The Financial Reporting Revolution in the Recent Decade. Accountant Journal, 203 (23) , 40-48. (In Persian) Arab Mazar Yazdi, M. Sarafaraz, M. (2016). Improving Corporate Governance through Extensible Business Reporting Language. Journal of Accounting, 290 (32) ,53-60. (In Persian) Aziz Khani, M. Imani Barandag, M. Mardiani, H. R. (2015). "The Effect of Extensible Financial Reporting Language (XBRL) on Auditing, Opportunity or Challenge". Quarterly Journal of Empirical Accounting Research, 4 (15) ,23-37. (In Persian) Berger, P. , and R. Hann. (2007). Segment profitability and the proprietary and agency costs of disclosure. The Accounting Review, 82 (4) ,869–906. Blankespoor, E. , B. Miller, and H. White. (2012). Initial evidence on the market impact of the XBRLmandate. Working paper. Bozorg Asl, M. Poorrkhni. V. (2006). "Introduction to the Concepts and Applications of Extensible Business Reporting Languages". Official Journal Quarterly, 8 & 9. (In Persian) CFA Institute Member Survey: XBRL. (2009). CFA Institute Market Research. Chowdhuri , R, Yoon, V. Y, Redmond, R. T, Etudo, U. O. (2014). Ontology based integration of XBRL filings for financial decision making. Decision Support Systems , 68, 76-64. Efendi, J, Park, J. D, Smith, M. (2014). Do XBRL filings enhance informationl efficiency. Early evidence from post–earning announcement drift. journal of Business Research, 67,110-109. Enachi, Mihaelaand Ioan I. (2015). The progress of XBRL in Europe – projects, users and prospects. Procedia Economics and Finance , 20,185 – 192. Flowerday , S. , A. W. , Blundell, R. Von Solms. (2006). Continuous Auditing Technologi esandmodels: A discussion. computers& security , 25, 325-331. Hope, O. , and W. Thomas. (2008). Managerial empire building and firm disclosure. Journal of Accounting Research , 46 (3) ,591–626. James, G. (2007). XBRL: Opportunities and challenges in Enhancing financial reporting and Assurance Processes. Current Issues inAuditing. Liu et al , C. (2014). XBRL is impact on analyst forecast behavior: An empirical study, J. Account. Public Policy, 33,69-82. Masih Abadi, A. Barzegar Khandozi, A. (2009). Reducing information asymmetry using the artificial neural network and the language of the commercially-developed commercial financial reporter. Scientific and Experimental and Analytical. Review of the Auditor, 47,96-103. (In Persian) Nikomram, H. Shekari, N. (2010). The Relationship of Financial Reporting (XBRL) with the qualitative characteristics of accounting information from the viewpoint of senior accountants of listed companies. Management Accounting Magazine, 6,77-88. (In Persian) Russell D. M, Hoag, A. M. (2004). People and information technology in the supply chain: Socialand organizational influences on adoption. International Journal ofPhysical Distribution &Logistics Management , 34 (2) ,102-122. Saghafi A. Arab Mazar Yazdi, M. Baghomian, R. (2005). Financial reporting on the Internet and its situation in Iran. Quarterly Journal of Accounting Studies, 10 and 11,127-156. (In Persian) Yoon Hyungwook. Zo Hangjung, Ciganek Andrew. (2011). Does XBRL adoption reduce information asymmetry? Journal of Business Research , 64, 157-163
| ||
|
Statistics Article View: 934 PDF Download: 1,256 |
||