Abstract

http://ssrn.com/abstract=1163254
 
 

References (18)



 
 

Citations (9)



 


 



SEC's XBRL Voluntary Program on Edgar: The Case for Quality Assurance


J. Efrim Boritz


University of Waterloo - School of Accounting and Finance

Won Gyun No


Iowa State University

July 19, 2008


Abstract:     
XBRL (eXtensible Business Reporting Language) was developed to provide users with an efficient and effective means of preparing and exchanging financial information over the Internet. After years of development, XBRL is now in the implementation stage, with many companies, governments, regulators, and stock exchanges around the world implementing or planning to adopt XBRL for electronic filing of financial statements. In this paper, we examine the XBRL fillings in the SEC's XBRL Voluntary Filing Program (VFP) on EDGAR from its inception to December 31, 2007 and report findings from our observations and validation tests. We identify persistent and increasing quality control and assurance issues pertaining to the filings under the VFP and discuss potential countermeasures needed to ensure that XBRL filings are reliable and gain user confidence and acceptance.

Number of Pages in PDF File: 16

Keywords: XBRL, XBRL Voluntary Program on EDGAR, XBRL Quality Assurance Issues

working papers series





Download This Paper

Date posted: September 4, 2008 ; Last revised: July 26, 2014

Suggested Citation

Boritz, J. Efrim and No, Won Gyun, SEC's XBRL Voluntary Program on Edgar: The Case for Quality Assurance (July 19, 2008). Available at SSRN: http://ssrn.com/abstract=1163254 or http://dx.doi.org/10.2139/ssrn.1163254

Contact Information

Efrim Boritz (Contact Author)
University of Waterloo - School of Accounting and Finance ( email )
Waterloo, Ontario N2L 3G1
Canada
519-888-4567 (Phone)
519-888-7562 (Fax)
Won Gyun No
Iowa State University ( email )
College of Business
Ames, IA 50011-2063
United States
Feedback to SSRN


Paper statistics
Abstract Views: 1,881
Downloads: 498
Download Rank: 31,860
References:  18
Citations:  9

© 2014 Social Science Electronic Publishing, Inc. All Rights Reserved.  FAQ   Terms of Use   Privacy Policy   Copyright   Contact Us
This page was processed by apollo2 in 0.281 seconds