The Study On The Implementation Method Of Internal Control Auditing Under The XBRL Environment

With the expanding application of XBRL (Extensible Business ReportingLanguage) in financial areas,the reliability of XBRL financial reportinginformation becomes a focus of the public attention.To ensure the reliability ofXBRL financial information,effective internal control environment plays apivotal effect.The internal control auditing under the XBRL environment canstrengthen the importance of internal control,therefore,in order to ensure theeffectiveness of internal control, internal control auditing under XBRLenvironment is imperative.Although many scholars have realized the importanceof internal control auditing under the XBRL environment,there are few of themstudying in this topic. In view of the importance of internal control auditingunder XBRL environment in practical operation and theoretical studies,this paperattempts to study the implementation method of internal control auditing underXBRL environment.This paper firstly determines the content of internal control auditing underXBRL environment,then describes the technical background and theoretical basisand the implementation method of internal control auditing under XBRLenvironment. Then this paper discusses the first question of the implementationmethod,namely the design of internal control auditing framework in the case ofboth traditional financial reporting and XBRL financial reporting coexistenceand XBRL financial reports replacing traditional financial reports.Theframework in this paper consists of auditing objectives, risk assessment and riskresponse.In both cases the internal control auditing objective is to assess theeffectiveness of the internal control.But in the coexistence case the specificauditing objective is to assess the accuracy of mapping process from thetraditional internal control auditing reports to the XBRL internal control auditingreports.The auditing risk mainly exsits in the mapping process in the coexistencecase.And this paper takes substantive procedures and internal control tests toreact the risk.In the alternative environment the focus of internal control auditingis related to XBRL.It contains the system-oriented system internal controlauditing and data-oriented data internal control auditing.And this paper focusesthe risk assessment on information systems control risk and data control risk.This paper plans to take internal control test to react the risks.Then thispaper explores the second question of the implementation method,namely how todisclosure internal control auditing information in XBRL form. We propose tobuild an internal control auditing XBRL taxonomy.Finally, we discuss thesuggestions on the implementation of the internal control auditing under XBRLenvironment.