Quality of Financial Reporting System in India : An Analysis of Extensible Business Reporting Language

The whole world is experiencing a digital revolution. Everything is becoming digital. We read the newspaper digitally and we do not use cash because we all have debit or credit cards. Likewise, every aspect of life day by day is becoming simpler with the help of digital revolution. But still, not everything is digital today. Until today, many large corporations rely on paper, Excel or word documents during the reporting process. If the reporting process digitalized, there are huge benefits to both preparers and users of business information. One such pathway in which the business information can be made digitally available is by using XBRL (Extensible Business Reporting Language). The paper focuses on analysing the quality of the financial reporting system through XBRL. And adopts secondary sources for the purpose of information, the collected data analysed by using data quality assessment model. The analysis revealed that the XBRL financial reporting is qualitative than the traditional reporting