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The influence of XBRL technology on the quality of financial reporting: exploring mediating variables in the Indian context.
- Source :
- Bottom Line; 2024, Vol. 37 Issue 2, p207-237, 31p
- Publication Year :
- 2024
-
Abstract
- Purpose: This study aims to examine the impact of extensible business reporting language (XBRL) technology and its functionality on various aspects of financial reporting and its overall quality. Design/methodology/approach: To conduct this study, data was collected from a variety of professionals, including accountants, auditors, tax advisors and others. A structured research instrument was developed, and the collected data were analysed using structural equation modelling and mediation analysis techniques. Findings: The study's results showed that XBRL technology and its functionality have a noteworthy impact on different aspects of financial reporting. Moreover, the various aspects of financial reporting positively affect the overall quality of financial reporting. Research limitations/implications: This study solely relied on the opinions of various professionals regarding the current issue under investigation and did not empirically assess the reporting practices of companies by examining their XBRL-based reports. Additionally, it concentrated solely on financial reporting aspects and did not account for non-financial aspects. The main theoretical contributions of this paper to technology in financial reporting, XBRL and accounting literature are that it sheds light on the influence of the use of technologies in the business reporting process and their influence on various aspects of business reporting, which has only received confined focus from earlier studies so far. Practical implications: This study's findings could provide valuable insights to the managerial teams of organizations seeking to digitize their business reporting practices, specifically in areas such as regulatory compliance, integrated reporting and timely dissemination of reports in a sustainable way. Furthermore, it could help these teams reap the benefits of technology for various regulatory compliance matters. Originality/value: This study could assist business organizations and regulatory authorities in adopting and implementing technology such as XBRL for accounting and business reporting. Furthermore, the study's findings can aid in enhancing financial reporting practices by considering emerging aspects such as ESG and sustainability aspects. [ABSTRACT FROM AUTHOR]
Details
- Language :
- English
- ISSN :
- 0888045X
- Volume :
- 37
- Issue :
- 2
- Database :
- Complementary Index
- Journal :
- Bottom Line
- Publication Type :
- Academic Journal
- Accession number :
- 177516001
- Full Text :
- https://doi.org/10.1108/BL-04-2023-0108