The Role of the XBRL International Consortium in Digital Reporting Regulation
The last years of our century are marked by the beginning of a wide and active use of the open standard of business information exchange XBRL (eXtensible Business Reporting Language) in the world communication practice. Since this format is recognized by economists and information technology practit...
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| Format: | Article |
| Language: | Russian |
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Government of Russian Federation, Financial University
2023-12-01
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| Series: | Учёт. Анализ. Аудит |
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| Online Access: | https://accounting.fa.ru/jour/article/view/569 |
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| author | D. V. Spitsina |
| author_facet | D. V. Spitsina |
| author_sort | D. V. Spitsina |
| collection | DOAJ |
| description | The last years of our century are marked by the beginning of a wide and active use of the open standard of business information exchange XBRL (eXtensible Business Reporting Language) in the world communication practice. Since this format is recognized by economists and information technology practitioners as a flexible reporting tool for integrating financial and non-financial information in accordance with the stakeholders’ needs, the format is evolving and spreading due to the activities of the XBRL International consortium. The aim of the study is to identify the key stages in the reporting transformation in line with the transition from prioritising the form of information presentation to the dominance of the content aspect. The scientific cognition and special methods of research were used in the paper, namely deduction, induction, comparison, analysis synthesis and graphical methods. The study determines the role of the XBRL International consortium in promoting a new reporting format in cooperation with regulatory authorities and business community representatives. XBRL format possibilities for both automating reporting and internal controls documentation are revealed. The definition of XBRL consulting is proposed. The study might be useful to the specialists engaged in the analysis of consulting service market and new technologies in accounting and reporting. |
| format | Article |
| id | doaj-art-4e6cd1a90a8c4c99b23038fbd9b97c85 |
| institution | Matheson Library |
| issn | 2408-9303 2619-130X |
| language | Russian |
| publishDate | 2023-12-01 |
| publisher | Government of Russian Federation, Financial University |
| record_format | Article |
| series | Учёт. Анализ. Аудит |
| spelling | doaj-art-4e6cd1a90a8c4c99b23038fbd9b97c852025-08-03T19:56:02ZrusGovernment of Russian Federation, Financial UniversityУчёт. Анализ. Аудит2408-93032619-130X2023-12-01105789010.26794/2408-9303-2023-10-5-78-90484The Role of the XBRL International Consortium in Digital Reporting RegulationD. V. Spitsina0Financial UniversityThe last years of our century are marked by the beginning of a wide and active use of the open standard of business information exchange XBRL (eXtensible Business Reporting Language) in the world communication practice. Since this format is recognized by economists and information technology practitioners as a flexible reporting tool for integrating financial and non-financial information in accordance with the stakeholders’ needs, the format is evolving and spreading due to the activities of the XBRL International consortium. The aim of the study is to identify the key stages in the reporting transformation in line with the transition from prioritising the form of information presentation to the dominance of the content aspect. The scientific cognition and special methods of research were used in the paper, namely deduction, induction, comparison, analysis synthesis and graphical methods. The study determines the role of the XBRL International consortium in promoting a new reporting format in cooperation with regulatory authorities and business community representatives. XBRL format possibilities for both automating reporting and internal controls documentation are revealed. The definition of XBRL consulting is proposed. The study might be useful to the specialists engaged in the analysis of consulting service market and new technologies in accounting and reporting.https://accounting.fa.ru/jour/article/view/569xbrl-reportingxbrl internationalbusiness reporting formatdigital economystakeholderspresentation of accounting information |
| spellingShingle | D. V. Spitsina The Role of the XBRL International Consortium in Digital Reporting Regulation Учёт. Анализ. Аудит xbrl-reporting xbrl international business reporting format digital economy stakeholders presentation of accounting information |
| title | The Role of the XBRL International Consortium in Digital Reporting Regulation |
| title_full | The Role of the XBRL International Consortium in Digital Reporting Regulation |
| title_fullStr | The Role of the XBRL International Consortium in Digital Reporting Regulation |
| title_full_unstemmed | The Role of the XBRL International Consortium in Digital Reporting Regulation |
| title_short | The Role of the XBRL International Consortium in Digital Reporting Regulation |
| title_sort | role of the xbrl international consortium in digital reporting regulation |
| topic | xbrl-reporting xbrl international business reporting format digital economy stakeholders presentation of accounting information |
| url | https://accounting.fa.ru/jour/article/view/569 |
| work_keys_str_mv | AT dvspitsina theroleofthexbrlinternationalconsortiumindigitalreportingregulation AT dvspitsina roleofthexbrlinternationalconsortiumindigitalreportingregulation |