Maciej Piechocki / Carsten Felden / Andrè Gräning
12 Seitenybr />
Recently the Internet with XML technologies and especially XBRL technology has impacted the financial reporting domain. Some claims in the market report that XBRL, as de facto standard, has the potential to reduce inefficiencies, automate and optimise the financial reporting supply chain. Nevertheless the real nature of the impact and the standardisation level of XBRL still remain unclear. The growing number of XBRL projects around the world together with strong interest from bodies such as the SEC in the United States, CEBS in the European Union and the IASC Foundation building XBRL taxonomies demonstrate the
need for research of XBRL in standardisation context. In order to answer the demand on the research in this area this paper discusses if XBRL can be referred to as de facto standard.