Research On The Application Of XBRL In Securities Supervision

With the rapid popularity of the Internet on a global scale,the good way to improve the efficiency of information effectively is to establish the website to disclose financial information and transmit real-time business information.Before XBRL,there are many kinds of electronic financial report format,and each of them has advantages and disadvantages to meet the requirements of regulatory,and there is no one format can completely meet the demand.After nearly twenty years of development,XBRL has been effectively applied in more than 50 countries and regions in the world,and the scope involves the financial,securities,taxation,statistics and many other fields.Every year there are millions of new XBRL format report.At present,some international organizations and government regulators and commercial organizations in some countries have implemented the XBRL application project,and achieved good results.The project of securities and exchange commission is one of the typical projects of XBRL application.The promotion of the practical application of XBRL in our country is in the early stage,and in some areas such as securities regulatory institutions and enterprises it is on a trial basis.Although we have obtained the good result but its effective development will be a long and complicated process.Through the analysis of the SEC XBRL projects,we can explore experience to effectively promote our XBRL projects.Around the XBRL implementation lifecycle put forward by XBRL international organization,this dissertation makes an analysis of the SEC XBRL project measures and characteristics according to the key elements in different stages.Then this article analyzes the problems in different stages,comparing with the SEC XBRL project:(1)XBRL in the service of the external users,insufficient internal impetus drivingt;(2)Internal taxonomic is inconsisten;(3)XBRL data without certified public accountants auditing;(4)XBRL data not fully open to the public.Finally we can gain enlightenment from the SEC implementation and put forward the proposals: motivating the submittion;unifying taxonomy standard;cultivating inter-disciplinary talent;strengthening the construction of XBRL application platform.