A special issue of International Journal of Accounting, Auditing and Performance Evaluation
Extensible Business Reporting Language (XBRL) is a computer language designed to transfer and store financial and operational business data, including the complex hierarchies, data-processing rules, and descriptions that offer assistance with analysis and distribution. It represents a business and reporting language with the ability to tag all the reporting data with standard definitions. In September 2006, the US SEC announced that it would be allocating $54 million for the further development of XBRL. A number of securities regulatory bodies across the world have recommended the adoption of XBRL for companies to submit their financial reports.
While XBRL is widely expected to affect the future of financial reporting, academic research on XBRL and its impact on financial reporting is very limited. The main objective of this special issue is to establish an outlet for scholars interested in a variety of topics in XBRL and its impact on financial reporting. In particular, the issue will focus on research into XBRL as the future of financial reporting, specifically on how XBRL and related technologies influence the disclosure and reporting of financial information.
It also aims to present state-of-the-art research and applications of XBRL financial reporting with particular reference to taxonomy, data presentation, methodologies and techniques as well as relevant legislation, public policy, institutional efforts that foster the development of XBRL reporting.
Suitable topics include but are not limited to:
- The development of XBRL and XBRL-based financial reporting
- The impacts of XBRL on the future of financial reporting and accounting harmonisation
- XBRL taxonomies
- Database accounting
- Transformation of financial data into XBRL and security issues
- XBRL configuration platforms, customisation and standardisation
- Economic consequences of XBRL financial reporting
- Risks related to XBRL
- Assurance and auditing of XBRL
- Artificial intelligence techniques related to XBRL
- Global adoption and institutional initiatives
- Users perception of XBRL financial reporting, and data interpretation and adaptation
- Legal issues related to XBRL and financial reporting
Manuscripts should be submitted by: 15 May 2008