Influence of XBRL on the accounting information quality

Abstract

The purpose of this paper is to explore the influence ways of eXtensible Business Reporting Language (XBRL) for the accounting information quality. The research finds three accounting information quality standards. They are respectively: general quality standards, conversion quality standards and enhance quality standards. According to the three standards, the research put forward three influence ways and some concrete countermeasures. First, improving the relevance, objectivity, comparability and intelligibility could improve the general quality of accounting information. Second, improving the conversion authenticity, technical compliance and security could improve the conversion quality of accounting information. Third, improving the personality relevance, data efficiency and wide application could improve the enhance quality of accounting information. General accounting information quality is the foundation, conversion accounting information quality is the guarantee and enhance accounting information quality must further enhance the efficiency of the accounting information and capital allocation efficiency.