The Research On How XBRL Impact On Accounting Information Quality

New accounting environment comes into being, with the development ofinformation technology, and the new environment puts forward new requirements toaccounting. In1998, Charles Hoffman first pointed out XBRL to AICPA. XBRL is anextensible business reporting language. It can cover the shortages of traditionalfinancial reporting. XBRL network financial reporting will be a major way ofdisclosure. According to XBRL international organization, XBRL is a new languagewhich can electronize financial and accounting data. XBRL have advantages ondisplay、analysis and deliver financial data, and it is a major way of disclosure infuture.After many years of commissioning, Shenzhen stock exchange pushed out“XBRL listed company information service platform” in2009. The user of theplatform is investors in small and media-sized enterprises. Soon afterwards, Shanghaistock exchange asked listed companies disclosure2009semiyearly report in XBRL.On September30,2010, the Ministry of Finance published “universal classificationstandards for enterprise accounting standards”, since then the XBRL classificationstandards tended to be uniform in stock market.This paper mainly researches the information quality in XBRL financialreporting. Using normative method to study the influence of XBRL to comparability、promptness and reliability of accounting information quality; Using event method tostudy the influence of XBRL to dependence. The study aims at supply theoretical andpractical guidance to further promote of XBRL. Finally policy recommendations areput forward.The paper found that in theory the use of XBRL can strengthen comparability、promptness and reliability of accounting information quality. But in the practicalapplication the effect is different; XBRL can increase the information content of financial reporting, and it also can raise transparency quality of accounting quality.