Stakeholder engagement in internet financial reporting: The diffusion of XBRL in the UK

Theresa Dunne, Christine Helliar, Andy Lymer and Rania Mousa

The British Accounting Review, 2013, vol. 45, issue 3, 167-182

Abstract: Internet financial reporting is now widespread with most medium and large companies in the developed world providing a wide variety of financial data online. However, much of this information mirrors the paper versions of financial reports, often with little attempt to enhance the decision usability of the data, providing a so called ‘first generation’ of online reporting (ICAEW, 2004). eXtensible Business Reporting Language (XBRL) has been designed to provide a ‘second generation’ of online reporting, specifically to enhance the usability of the data. Documents rendered in XBRL are digitally-enabled so that it is easier for stakeholders to extract information directly into spreadsheets, or any other XBRL-enabled analysis software, without the need to re-key data thus providing significant improvements in information flows and enhancing inter-company comparability.

Keywords: XBRL; Financial reporting; Diffusion; Internet reporting; Stakeholder Engagement (search for similar items in EconPapers)
Date: 2013
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Citations: View citations in EconPapers (13)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:bracre:v:45:y:2013:i:3:p:167-182

DOI: 10.1016/j.bar.2013.06.012

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