eXtensible Business Reporting Language: A Review and Directions for Future Research

67 Pages Posted: 4 Jun 2020

See all articles by Rani Hoitash

Rani Hoitash

Bentley University - Department of Accountancy

Udi Hoitash

Northeastern University - Accounting Group

Landi Morris

Bentley University

Date Written: May 7, 2020

Abstract

This study seeks to advance research related to eXtensible Business Reporting Language (XBRL). XBRL is an open standard for reporting structured financial information which enables the efficient gathering of data and automated comparison of financial information over time and across firms. To encourage research using XBRL we describe the unparalleled richness of XBRL data and sources from which it can be obtained. We follow with a review of the literature, beginning with research examining the adoption of XBRL and the use of the data by capital market participants. Next, we discuss data quality concerns that may impact the use of XBRL data, followed by a discussion of how auditors can use XBRL data and their potential role in the assurance of the data. We then present burgeoning literature that uses meta and underlying XBRL data to examine different financial statement characteristics and disclosure properties. Based on the review of the literature, we identify topics with the greatest potential for future research. Overall, we strongly believe that using and investigating XBRL presents ample research opportunities.

Data Availability: Data are available from http://www.xbrlresearch.com.

Keywords: XBRL, eXtensible Business Reporting Language, assurance, interactive data, structured data, textual analysis, literature review

JEL Classification: M40, M41, M42, M48, C55, G18

Suggested Citation

Hoitash, Rani and Hoitash, Udi and Morris, Landi, eXtensible Business Reporting Language: A Review and Directions for Future Research (May 7, 2020). Available at SSRN: https://ssrn.com/abstract=3595401 or http://dx.doi.org/10.2139/ssrn.3595401

Rani Hoitash (Contact Author)

Bentley University - Department of Accountancy ( email )

175 Forest Street
Waltham, MA 02452-4705
United States

HOME PAGE: http://www.xbrlresearch.com

Udi Hoitash

Northeastern University - Accounting Group ( email )

360 Huntington Ave.
Boston, MA 02115
United States
671-373-5839 (Phone)

Landi Morris

Bentley University ( email )

175 Forest Street
Waltham, MA 02145
United States

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