Survey of Information Technology Effects on Voluntary Corporaye: XML and Its Effects on Digital Financial Reporting

Subject Areas : Management Accounting

کریم نوروزی پور ¹ (ندارد)
مهدی محمدی ² (مسول مکاتبات)
نادی علیزاده ³ (ندارد)

Received: 2011-02-04 Accepted : 2011-06-26 Published : 2011-12-22

Keywords: E- Financial Reporting, Information Technology, Voluntary Corporate, extensible Markup Language, Extensible Business Reporting , extensible&#x0D, &#x0D, Assurance Reporti,

Abstract :

The contemporary phenomenon of market globalization, competition and technicaldevelopments have resulted in companies becoming more international in theirorientation and have also led to increased complexity in the business environment.While capital markets now offer unforeseen investment opportunities, one importantdevelopment associated with these trends is the tendency of investors to be confrontedwith an abundance of information about myriad corporate activities. In addition tomaking the required compulsory disclosures, more and more companies are disclosinginformation on a voluntary business – presumably in the hopes that this extra datahasten the stock market to recognize hidden elements.In this article, we provide some insights into why the value gap is responsible forthe enhanced demand for extra disclosures. We explore the potentially critical impactof XBRL (extensible Business Reporting language) and XARL (extensible AssuranceReporting Language) on this topic. Finally, we present exist view about some of thelikely implication of the trend toward additional voluntary disclosures.