XBRL as an Accounting Information System Innovation: A Study of Application to Australian Financial Reporting

Sri Fattah Dewandaru Mahasin; Ardhan Setiyawan; Renjiro Nathanael; Muhammad Hisham Nafis; Helena Smith

doi:10.61656/ijospat.v4i1.442

Sri Fattah Dewandaru Mahasin Universitas Pembangunan Nasional Veteran Jawa Timur
Ardhan Setiyawan Universitas Pembangunan Nasional Veteran Jawa Timur
Renjiro Nathanael Universitas Pembangunan Nasional Veteran Jawa Timur
Muhammad Hisham Nafis Universitas Pembangunan Nasional Veteran Jawa Timur
Helena Smith School of Management and Governance, Business School

DOI: https://doi.org/10.61656/ijospat.v4i1.442

Keywords: XBRL, Accounting Information Systems, Information Transparency, Standard Business Reporting, Australia, Digital Reporting

Abstract

Purpose: This study examines the role of eXtensible Business Reporting Language (XBRL) within Accounting Information Systems (AIS) and evaluates its implementation in Australia’s digital reporting ecosystem. It aims to identify the determinants of XBRL adoption, assess its contribution to reporting quality, and analyze how regulatory and technological infrastructures enable national-scale digital reporting.

Method: A descriptive qualitative approach was applied, drawing on an extensive literature review comprising five core academic sources, international regulatory documents, and Australia’s Standard Business Reporting (SBR) framework. The analysis focuses on AIS–XBRL integration, policy development, and cross-institutional reporting practices involving ASIC, ATO, and APRA.

Findings: The study finds that XBRL enhances reporting accuracy, transparency, comparability, and processing efficiency through standardized taxonomies and automated validation mechanisms. Within AIS, XBRL supports a unified source of financial data, reducing discrepancies and improving decision-making. Australia’s SBR initiative shows strong effectiveness due to robust regulatory coordination and technological readiness. However, challenges remain, particularly limited adoption among smaller entities, insufficient technical competencies, and high initial implementation costs.

Implication: The findings highlight the strategic importance of XBRL for digital reporting, regulatory oversight, and national data governance. They emphasize the need for capacity-building, policy reinforcement, and technical support to ensure inclusive adoption, especially for SMEs.

Originality: This study integrates AIS theory, digital reporting policy, and national-level XBRL implementation, offering new insights into cross-institutional reporting ecosystems and future directions for digital disclosure, including potential extensions into sustainability reporting.

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