THE ROLE OF XBRL USE TO THE QUALITY OF ELECTRONIC FINANCIAL STATEMENTS AND COMPANIES RISK

Abstract

XBRL is now widely known by entities that are in Indonesia in particular that have been incorporated by the Indonesia Stock Exchange. The emergence of XBRL itself is based on the need for a language that can synergy financial statements that have been made by the company into a format that can be processed easily and can be understood by all aspects at the same time. Financial reporting becomes very important here because in the era of interconnecting these state borders in the economic barrier less visible, and this may be an opportunity for a country to attract foreign investors with financial reporting both reflecting the economic value of a company. It is expected also of good reporting and XBRL format companies in all area ready to respond to risks that may threat the company in achieving its goals.

Keywords: eXtensible Business Reporting Language (XBRL), Financial Statements, Risk