oa Meditari : Research Journal of the School of Accounting Sciences - An exploratory study of chartered accountants' awareness and understanding of XBRL
|Article Title||An exploratory study of chartered accountants' awareness and understanding of XBRL|
|© Publisher:||University of Pretoria|
|Journal||Meditari : Research Journal of the School of Accounting Sciences|
|Author||G.F. Nel and L.P. Steenkamp|
|Publication Date||Jan 2008|
|Pages||79 - 93|
|Keyword(s)||Chartered accountants, Communication of business and financial data, Information technology and accounting and XBRL|
eXtensible Business Reporting Language (XBRL) is an important new technology for the electronic communication of business and financial data and, by implication, relevant to, inter alia, chartered accountants. Because research in Australia and the USA showed unacceptably low levels of awareness and understanding of XBRL, research was conducted to determine the levels of awareness and understanding of XBRL in South Africa. The study was limited to chartered accountants. The results showed that the majority of chartered accountants in South Africa are currently unaware of XBRL and few fully understand it. In spite of these findings, the majority of respondents acknowledged the fact that it was necessary for either them or someone in their organisation to investigate the matter of XBRL in the near future.
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