Proceedings

and Kogan, 2010; Debreceny et al., 2010; Flowerday et al., 2006; Flowerday and von
Solms, 2006; Daigle and Lampe, 2004, Murthy and Groomer, 2004), internet
disclosure (Yoo et al., 2010; Mena et al., 2010; Williams et al., 2006, Boritz and No,
2005), IFRS (Bonson et al., 2009), system development for business disclosure
(Spies, 2010), system development for financial data extraction (Maynard et al., 2007)
and financial database development (Mendez Nunez et al., 2008.
As regarding the questions that emerge from the studied articles, the most important
one is: how much the XBRL filling errors could affect the decision made by interested
parties. Other questions that are interesting are the following ones: Are the models of
continuous auditing really viable? The audit programs use continuous audit in the
present? If yes, what are the problems that continuous audit encounter? To all this
questions related to audit, we add one more regarding IFRS: are there any studies
about users’ opinion on IFRS taxonomy?
DISCUSSION AND CONCLUSIONS
This literature review was conducted by searching two online databases, during 1998-
2010. The summary and information regarding the XBRL related articles were kept in
both Microsoft Excel and Word, in order to facilitate detailed analysis. The aim was
to identifying the trends and researchers actively contributions to XBRL development
and to assess XBRL capabilities and its future.
We believe that our results sustain the lack of academic XBRL publication in
accounting: 24 articles with XBRL content, including the ones from the computer
science field. Although during this search we also find lots of call for papers, it seems
that the researches in this field are still at their start-ups and that the topic of XBRL
can be further discussed and new studies can be developed.
The research tendency in this field is to start with describing the communication
language, its advantages and disadvantages and comparison with other online
financial disclosure languages. At this point of the research it can be state that in the
countries with provisional jurisdictions the main research point is what is XBRL, how
can be developed in this countries and always include descriptions of XBRL, it’s
advantages and disadvantages. Also, our results show that after the countries gain an
established jurisdiction, their main research interest tends to be related to continuous
auditing. This fact could be related with the increasingly need of financial information
disclosure assurance.
Although we went through all the articles from ScienceDirect and Springerlink
databases, there are other available databases, books and practitioners’ reports that
weren’t yet reviewed.
This review of the literature will be further developed, intending to include at least
other six online databases: Wiley Interscience, Emerald, JSTOR, Highwire, EBSCO
and SSRN and to perform a broader analyze on XBRL related articles, including the
authors’ origin, research methodology and so on.
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