...Joseph A. Johnston; Kenneth J. Reichelt; Pradeep Sapkota ABSTRACT We develop a measure of disclosure quality using disaggregation of financial statement items from the Form 10-K XBRL filing. Our measure (ITEMS) extends Chen, Miao, and Shevlin’s (2015) DQ measure and is distinct...

...Jee-Hae Lim; Vernon J. Richardson; Rod Smith ABSTRACT We propose new measures of financial disclosure quality based on XBRL standard and extension tag counts. XBRL is designed to allow users to analyze more financial statement detail, thereby increasing reporting transparency. Thus, firms that use...

...Cecilia (Qian) Feng; Chansog (Francis) Kim ABSTRACT We examine the channels through which a reduction in information processing costs improves firm-level investment efficiency. We do so by exploiting the SEC's eXtensible Business Reporting Language (XBRL) mandate. We provide empirical evidence...

... most ERP systems integrate an eXtensible Business Reporting Language (XBRL) component in their core modules, little research has examined how ERP systems affect the quality of XBRL filings. Using unique data from branch-level ERP implementation, we find that the degree of ERP adoption among a firm's...

...Jennifer Howard; Jie Zhou ABSTRACT This study examines the timeliness of XBRL data filings. To be timely, the XBRL data must be filed concurrently with the 10-K filing. Using a matched sample of non-timely (NT) and timely XBRL filers over the period 2009–2016, we investigate factors associated...

...Xin Cheng; Feiqi Huang; Dan Palmon; Cheng Yin ABSTRACT This study investigates whether information processing efficiency has an impact on public companies' investment efficiency. Using the adoption of XBRL as an exogenous shock that decreases information processing cost, we find that companies...

...Joseph Johnston ABSTRACT This paper investigates whether the use of extended tags in eXtensible Business Reporting Language (XBRL) filings is associated with financial analysts' forecast error and dispersion. The SEC allows firms to create customize tags in their XBRL filings to reflect firm...

...J. Efrim Boritz; Won Gyun No ABSTRACT We compare the financial statement data (excluding footnotes) reported by 105 randomly selected firms in their 10-K filings with data contained in XBRL filings and data reported by three data aggregators/distributors: Compustat, Google Finance, and Yahoo...

...Roger S. Debreceny; Stephanie M. Farewell; Audrey N. Scarlata; Dan N. Stone ABSTRACT What knowledge and skills (KSs) are necessary for complex Agreed-Upon Procedures (AUP) engagements, such as those that include eXtensible Business Reporting Language (XBRL) tagged data? This study contributes...

..., the complexity of the client's accounting concepts, proxied by their XBRL taxonomy, could adversely impact financial reporting quality. We investigate the association between a firm's disclosure of cloud-computing risks and its likelihood of disclosing a material weakness, moderated by its level of accounting...

...Yu Cong; Ayishat Omar; Huey-Lian Sun ABSTRACT In this paper, we examine the impact of preparer-side XBRL filing decisions on the accuracy and speed of financial disclosures. Specifically, we use the choice between in-house and outsourced preparation of XBRL filings to examine the impact...

...Yu Cong; Hui Du; Miklos A. Vasarhelyi ABSTRACT We provide evidence of whether users of financial reports are accessing XBRL files, the XBRL component of an SEC filing. The possibility of exempting small companies from the XBRL mandate was raised in a legislative debate in which some argued...

...Elisabeth Scherr; Dominik Ditter ABSTRACT In 2009, the SEC issued rules that require companies to provide their financial reports in XBRL (eXtensible Business Reporting Language). Since the new electronic filing requirements aim at enhancing information processing through electronic...

...Songsheng Chen; Jun Guo; Xiaoxiao Tong ABSTRACT In this paper, we test the impact of XBRL (eXtensible Business Reporting Language) on information asymmetry in the emerging market of China. We focus on the association between XBRL and information asymmetry (proxied by Post-Earnings-Announcement...

... characteristics are related to the amount and magnitude of the discrepancies. Although we use the XBRL technology to extract data from XBRL 10-K reports, our objective is not to compare Compustat and XBRL 10-Ks, but rather to compare Compustat and traditional 10-Ks. XBRL 10-K reports sometimes contain errors...

...J. Efrim Boritz; Lev M. Timoshenko ABSTRACT A number of papers have attempted to study firm-specific characteristics of the participants in the SEC-administered XBRL Voluntary Filing Program (VFP). However, to date, their findings have been conflicting—contrary to the underlying theory...

...Arif Perdana; Alastair Robb; Fiona Rohde ABSTRACT Extensible business reporting language (XBRL) was developed from an established markup computer language (eXtensible Markup Language, XML). XBRL facilitates data and information exchange between different information systems (IS). This important...

...Yu Cong; Jia Hao; Lin Zou ABSTRACT This paper examines the impact of XBRL reporting required by the U.S. Securities and Exchange Commission (SEC) on market efficiency. Based on the disclosure theories about imperfect markets, we hypothesize that XBRL reporting facilitates the generation...

...Hui Du; Miklos A. Vasarhelyi; Xiaochuan Zheng ABSTRACT Since the mandate by the U.S. Securities and Exchange Commission (SEC) to begin interactive data reporting in June 2009, according to XBRL Cloud, an XBRL product and service provider, more than 4,000 filing errors have been identified. We...