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...two significant problems through efficient preparation of financialsstatements in many forms and reliable extraction of specific detailed information fromsthe different forms of financial statements (=-=Debreceny and Gray, 2001-=-).sThe first problem is that preparing a financial statement for printing, for a Web site,sand for filing today means that a company could typically enter information threestimes. With XBRL, informati...

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.... In a paper basedsreporting environment the extent to which auditors are required to specificallysexamine other information is limited to that produced as a part of the package of thesannual report (=-=Debreceny and Gray, 1999-=-). As financial reports deliver only a smallspart of the corporate web site, manipulated presentation of information may take placesfor which the auditors may be held liable primarily. Therefore, dete...

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...e (IASC)sThe International Accounting Standard Committee commenced the progress of thisssubject by issuing an extensive discussion paper titling ‘Business Reporting on thesInternet’ in November 1999 (=-=IASC, 1999-=-). This paper involves a survey of some 660scompany web sites in 22 different countries. It also sets out a recommended standardsfor the presentation of financial reporting based on recommendations is...

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...worksstructure at a low cost.sUnlike paper versions, an instant access to data at convenientstimes for users is possible (ICAEW, 1997).sInternet provides for a broadcast mediumsfor corporate reports (=-=Parker, 1982-=-).sIts presentation flexibility is less constraineds4 compared to the traditional paper versions (Green and Spaul, 1997).sIt also enablessusers to export data for manipulation.sStandard setting bodies...

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...amations on general issues of informationsquality, credibility and availability. The COB also expressed the necessity of thesdevelopment of specific audit guidelines for Internet financial reporting (=-=COB, 2000-=-).sThey are found concerned about the distribution of false information via web sites andsother electronic means.sEVALUATION OF INTERNET BASED FINANCIALsREPORTING IN BANGLADESHs13 Bangladesh is a deve...

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...ual reports, natural contextual linksbetween the information may not be appropriate.sInstitute of Certified Public Accountants of Singapore (ICPAS)sIn 2001 the ICPAS has published a discussion paper (=-=ICPAS 2001-=-) on electronicsfiling and reporting of business information. In this paper, web-based financialsreporting has been regarded as cheaper and easier than financial reporting on paper.sThey have necessar...

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...ance the qualitysof the web site and ensure the credibility of the information dissimilated to thesinvestors.sInstitute of Chartered Secretaries and Administrators (ICSA), UKsA consultative document (=-=ICSA, 2000-=-) on electronic communication has beensproduced by the Institute of Chartered Secretaries and Administrators of UnitedsKingdom works as guidance for companies. This paper discussed extensively thespro...

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...amework that provides the financialscommunity with a standard-based method to prepare and publish financial statementssin a variety of formats and automatically exchange the information they contains(=-=Richards and Smith, 2004-=-). XBRL is not about establishing new accountingsstandards but enhancing the usability of the ones that we have through the digitalslanguage of business. XBRL will not require additional disclosure fr...