Digital Governmental Financial Reporting: First Evidence from Italy

Andrea Fradeani (), Michela Soverchia () and Eldi Metushi ()
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Andrea Fradeani: University of Macerata
Michela Soverchia: University of Macerata
Eldi Metushi: Canadian Institute of Technology

A chapter in Network, Smart and Open, 2018, pp 207-222 from Springer

Abstract: Abstract The aim of this paper is to analyze the role that XBRL, the open standard for digital business reporting (which is being widely adopted around the world in the private sector), could play within governmental financial reporting. Literature on this issue is poor, and this research topic seems to be particularly relevant: considering the strong need for governments’ information transparency strengthened by the recent financial crisis, XBRL could be a useful digital standard to push and improve governments’ accountability, and thereby preventing or avoiding potential future crisis. This issue needs specific research because the role of XBRL within governmental financial reporting is slightly different to its role in the private sector. The theoretical analysis provided in the paper is accompanied by a case study concerning Italy, where two recent projects realized by the Court of Auditors and the State General Accounting Department introduced the use of XBRL as a tool to collect financial information from Italian Regions and Local Governments.

Keywords: Government financial reporting; XBRL; Accountability; Transparency (search for similar items in EconPapers)
Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:spr:lnichp:978-3-319-62636-9_14

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DOI: 10.1007/978-3-319-62636-9_14

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