Assurance Reporting for XML-Based Information Services: XARL (Extensible Assurance Reporting Language)

Boritz, J. E.; NO, Won G.
November 2004
Canadian Accounting Perspectives;2004, Vol. 3 Issue 2, p207
Extensible business reporting language (XBRL) is an XML-based method for financial reporting. XBRL was developed to provide users with an efficient and effective means of preparing and exchanging financial information over the Internet. However, like other unprotected data coded in XML. XBRL (document) files (henceforth "documents") are vulnerable to threats against their integrity. Anyone can easily create and manipulate an XBRL document without authorization. In addition, business and financial information in XBRL can be misinterpreted, or used without the organization's consent or knowledge. Extensible assurance reporting language (XARL) was developed by Boritz and No (2003) to enable assurance providers to report on the integrity of XBRL documents distributed over the Internet. Providing assurance on XBRL documents using XARL could help users and companies reduce the uncertainty about the integrity of those documents and provide users with trustworthy information that they could place warranted reliance upon. A limitation of the initial conception of XARL was its tight linkage with the XBRL document and the comparatively primitive approach to codifying the XARL taxonomy. In this paper, we have reconceptualized the idea of XARL as a stand-alone service for providing assurance on potentially any XML-based information being shared over the Internet. While our illustrative application in this paper continues to be XBRL-coded financial information, the code that underlies this version of XARL is a significant revision of our earlier implementation of XARL, is compatible with the latest version of XHRL, and moves XARL into the Web services arena.


Related Articles

  • XBRL: An Impacts Framework and Research Challenge. Baldwin, Amelia A.; Brown, Carol E.; Trinkle, Brad S. // Journal of Emerging Technologies in Accounting;2006, Vol. 3, p97 

    This article discusses XBRL, its impacts on users and on the characteristics of financial information, and provides an impacts framework for XBRL. XBRL will both simplify disclosure and ease the communication of financial information to users, analysts, and regulators via the Internet. The...

  • The Top 10 Effects of XBRL. Coffin, Zachary // Strategic Finance;Jun2001, Vol. 82 Issue 12, p64 

    The article discusses the top ten effects of eXtensible Business Reporting Language (XBRL) within the business community. Among the top effects will be that companies will transition to electronic reporting, financial reports will be easier to reconcile, and the accuracy of financial projections...

  • XBRL on the rise. O'Connor, Mark // CMA Management;Nov2005, Vol. 79 Issue 7, p16 

    The article provides information about Extensible Business Reporting Language (XBRL) standards. With the application of these standards, instead of displaying a financial statement or a business report as a block of text in print or as an Internet page, the information is structured behind the...

  • XBRL. Deshmukh, Ashutosh // Communications of the Association for Information Systems;2004, Vol. 13, p196 

    XML (eXtensible Markup Language), with wide-ranging applications in business and other applications, is hailed as a revolutionary advance in data transfer and information identification on the Internet. This tutorial explores XML applications in business transactions and then focuses on XBRL...

  • EXTENSIBLE BUSINESS REPORTING LANGUAGE. O'Sullivan, Colin // Accountancy Ireland;Aug2002, Vol. 34 Issue 4, p26 

    Focuses on the development of Extensible Business Reporting Language (XBRL) technology for financial reporting in Ireland. Creation of electronic financial reports; Value of XBRL; Implementation of XBRL.

  • Technology Vital to Improving Financial Reports. Herz, Robert // Compliance Week;Mar2012, Vol. 9 Issue 98, p1 

    The article reports on the significance of the technology to improve the accounting and financial reporting. It states that eXtensible Business Reporting Language (XBRL) enables a better structuring and layering of the information in financial reports that are electronically delivered. It is...

  • Commission Posts XBRL FAQs to Help Preparers. Aguilar, Melissa Klein // Compliance Week;Aug2009, Vol. 6 Issue 67, p17 

    The article reports on the move of the Securities and Exchange Commission (SEC) to post frequently asked questions (FAQs) regarding the use of XBRL to file financial reports in the U.S. The questions posted refer to issues related to rendering, validation, standard taxonomies and company...

  • Pilot Programs Uses XBRL for Reports.  // Financial Executive;Oct2002, Vol. 18 Issue 7, p8 

    This article discusses a pilot program launched by Nasdaq stock exchange, computer company Microsoft Corp. and financial company PricewaterhouseCoopers LLP. It was launched to provide investors with remote access to financial data from five years of financial reports for over twenty Nasdaq...

  • XBRL: Not Just for Public Companies. Quinlan, Patrick // CPA Journal;Jun2010, Vol. 80 Issue 6, p14 

    The article offers information on how the Extensible Business Reporting Language (XBRL) could help companies revolutionalize financial reporting as well as cut cost, increase efficiency and ensure accurate and reliable reports. Aside from allowing accounting data to be tagged and easily...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics