Abstract

http://ssrn.com/abstract=1288376
 
 

References (31)



 
 

Citations (1)



 


 



Auditing XBRL-Related Documents: The Case of United Technologies Corporation


J. Efrim Boritz


University of Waterloo - School of Accounting and Finance

Won Gyun No


Iowa State University

October 23, 2008


Abstract:     
XBRL (eXtensible Business Reporting Language) was developed to provide financial information users with a standardized method to prepare, publish, and exchange business information. XBRL is being used, being implemented, or being pilot tested around the world for financial reporting and government e-filings as well as other uses. Although there has been growing awareness about assurance issues related to the use of XBRL, current audit practices and standards fall short of providing the needed guidance for the provision of assurance on XBRL-Related Documents. In this paper, we report on a mock audit that we conducted on the XBRL-Related Documents of United Technologies Corporation's October 2005 10-Q to identify the issues that companies and auditors might encounter if they are requested to provide assurance on XBRL-Related Documents. The assurance framework applied in the audit process is summarized, and findings from the process are discussed together with their implications.

Number of Pages in PDF File: 46

Keywords: XBRL, Assurance, Case Study

JEL Classification: M41, M49, G38

working papers series


Download This Paper

Date posted: October 23, 2008  

Suggested Citation

Boritz, J. Efrim and No, Won Gyun, Auditing XBRL-Related Documents: The Case of United Technologies Corporation (October 23, 2008). Available at SSRN: http://ssrn.com/abstract=1288376 or http://dx.doi.org/10.2139/ssrn.1288376

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: 2,240
Downloads: 593
Download Rank: 24,026
References:  31
Citations:  1

© 2014 Social Science Electronic Publishing, Inc. All Rights Reserved.  FAQ   Terms of Use   Privacy Policy   Copyright   Contact Us
This page was processed by apollo4 in 0.328 seconds