| XBRL(e Xtensible Business Reporting Language)is a new financial reporting format that has been mentioned internationally in recent years,which is a combination of computer and accounting,which can help investors obtain accounting information faster and accelerate decision-making efficiency.Enterprises build XBRL platform,which can not only improve internal management efficiency but also reduce costs,but also more conveniently compare with enterprises in the same industry,which is conducive to healthy competition between enterprises.In 2012,the Ministry of Finance and the China Banking Regulatory Commission notified 18 banks to implement the general classification standard,and the attention to the financial industry is far greater than that of other industries,mainly because the development of banks is related to the stability of China’s economy,and the banks have higher requirements for informatization,especially some larger banks,which are more willing to use information technology to improve internal management.Based on relevant theories such as information asymmetry,this paper selects ICBC,which is more representative in the banking industry,as the case study object.First of all,comb the XBRL related theories,have a comprehensive understanding of XBRL and XBRL financial reports;secondly,introduce the development of XBRL in China and the process and status quo of ICBC’s application of XBRL,and analyze the problems in the application of XBRL of ICBC from the current use,mainly including the non-integration of XBRL application and business of ICBC,the lack of understanding of XBRL by most employees,the unqualified information disclosure of XBRL reports,the low degree of software development,Third,the root causes of problems in the application process of XBRL of ICBC are mainly analyzed,mainly due to the low awareness of XBRL,insufficient audit supervision of XBRL reports,and the application of XBRL in enterprises is not cost-effective;finally,according to the problems and causes,from the level of enterprise application,industry supervision and macro environment,suggestions for improvement are put forward,and future research is prospected.Through case analysis,this paper believes that XBRL is not mature enough at this stage,although XBRL is very beneficial to information disclosure and market development,but the current development of XBRL is greatly hindered,and it cannot bring greater value to enterprises,investors and regulatory authorities.We should strengthen the publicity and popularization of XBRL,strengthen the audit supervision of XBRL financial reports,formulate policies to encourage software developers,and improve the endogenous motivation of enterprises by optimizing the external environment,and promote the development of XBRL. |
