THE IMPROVEMENT OF GOVERNANCE DECISION MAKING USING XBRL

Extensible Business Reporting Language (XBRL) has the potential to influence users’ processing of financial information and thus, their judgments and decisions based on this information. XBRL is a XML3-based language, developed specifically for financial reporting. Using XBRL, as a search-facilitating technology, contributes to direct searches and simultaneous presentation of related financial statement facilitate, and also footnote information which could potentially help financial statements’ users. XBRL is more than a distribution mechanism for data or facilitating technology. XBRL, in effect, has the potential to significantly improve corporate governance. Putting that potential into practice requires an XBRL taxonomy model that is data based than is the document based focus of the current specifications, as well as a flexible rendering system.

کلیدواژه ها:

XBRL (Extensible Business Reporting Language) ، Corporate Governance ، Decision Making ، Transparency