XBRL: A New Global Paradigm for Business Financial Reporting

摘要

Ranked as one of top ten technologies for accounting and audit ing professionals, extensible Business Reporting Language (XBRL) is a freely available, open, and global standard language for exchanging business financial informationdigitally. XBRL holds the greatest promisefor buildinga global standardthat is pledged to enhance the accuracy, reliability, efficiency, accessibility and availability of electronic communication of business financial data. This paper sets out to provide a review of literature to lend insights into our understanding of XBRL adoption, implementation, and value realization assessment. A comprehensive review uncovers four sub-themes of research in XBRL adoption: perceived benefits of XBRL adoption; organizational readiness; external pressure; and XBRL adoption. Research challenges for future research are highlighted.