Name
Abstract | ||
|---|---|---|
XBRL stands for extensible business reporting language. It is an XML based computer language for reporting business information. In December 2008, the United States Securities and Exchange Commission (US SEC) voted to require public filers to provide a supplemental exhibit of their financial statements (including footnotes) in XBRL, with the approximately top 500 public companies required to comply with this new requirement starting June 15, 2009, and the phase-in of this requirement for the other filers to be completed on June 15, 2011. The file created using the XRBL language is called an XBRL instance document. Under this requirement, the filers are not required to obtain a third party assurance on the XBRL instance document. The main reason for not requiring a third party independent assurance of XBRL instance documents is to encourage filers to comply with the SEC requirement without incurring much added costs. In addition, to encourage the filers to comply with this requirement, the SEC is not holding filers legally liable of any errors in the filed XBRL instance documents so long as they look similar to the standard reports when viewed using the SEC viewer. |
Year | DOI | Venue |
|---|---|---|
2010 | 10.1016/j.accinf.2010.07.019 | International Journal of Accounting Information Systems |
Keywords | Field | DocType |
Assurance,Assertions,XBRL,Instance document,Framework | Accounting,Business information,Commission,XML,Computer science,Third party,XBRL,Business reporting,Conceptual framework | Journal |
Volume | Issue | ISSN |
11 | 3 | 1467-0895 |
Citations | PageRank | References |
17 | 1.73 | 3 |
Authors | ||
2 | ||
Name | Order | Citations | PageRank |
|---|---|---|---|
| Rajendra P. Srivastava | 1 | 372 | 33.29 |
| A. Kogan | 2 | 142 | 12.92 |