Dec 20, 2021 Uncategorized

XBRL & High-Tagging Errors

Instructions

Read Columbia University’s study: “An Evaluation of the Current State and Future of XBRL and Interactive Data for Investors and Analysts”

The study was based on the authors’ interviews with analysts and investors to explore whether or not “XBRL has delivered on its promise to them,” and describes several issues that identify reasons why financial and accounting executives are unhappy with the XBRL mandate.

In a three- to four-paged paper, discuss Harris and Mossfield’s major findings about: Analysts’ and investors’ dissatisfaction with high tagging-error rates in the filings, excessive use of tagging extensions, the need for more detailed tagged data, lack of audit assurance of tagged data, and the lack of tools to receive the data and then integrate it into companies’ workflow. Your paper must be formatted according to APA style

Cittations:
Harris, T. S., & Morsfield, S. (2012). An Evaluation of the Current State and Future of XBRL and Interactive Data for Investors and Analysts. Center for Excellence in Accounting and Security Analysis. Retrieved from http://www8.gsb.columbia.edu/ceasa/sites/ceasa/files/An%20Evaluation%20of%20the%20Current%20State%20and%20Future%20of%20XBRL%20and%20Interactive%20Data%20for%20Investors%20and%20Analysts.pdf
Johnston, J. (2020). Extended XBRL Tags and Financial Analysts’ Forecast Error and Dispersion. Journal of Information Systems, 34(3), 105–131. https://doi.org/10.2308/ISYS-16-013
Chen, G., & Zhou, J. (2019). XBRL Adoption and Systematic Information Acquisition via EDGAR. Journal of Information Systems, 33(2), 23–43. https://doi.org/10.2308/isys-52140

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