The Role of Information Technology in Enhancing Transparency and Relevance of Financial Reporting Values: Systematic Literature Review (2020–2025)
DOI:
https://doi.org/10.54259/akua.v5i1.6368Keywords:
Information Technology, Digital Financial Reporting, Transparency, Value Relevance, XBRL, Systematic Literature ReviewAbstract
The development of information technology has brought about significant transformations in global financial reporting practices. The digitalization within the domain of financial reporting, notably marked by the utilization of the extensible Business Reporting Language (XBRL) standard, Digital Financial Reporting (DFR), and big data-based disclosure systems, has become a major focus of research in the last decade. This study aims to identify trends, gaps, and future research directions regarding the role of information technology in improving the transparency and value relevance of financial reports through a Systematic Literature Review (SLR) approach to 10 international scientific articles indexed by Scopus published in the period 2020–2025. The research method used the PRISMA approach, which includes identification, screening, feasibility, and inclusion. The analysis was conducted by grouping the research results based on key themes such as corporate governance, XBRL adoption, financial information transparency, and the impact of technological advancements on the value relevance of financial information. The study's findings indicate that the use of information technology serves as a key driver in enhancing the quality, accessibility, and reliability of financial reporting. However, the effectiveness of its implementation varies across countries, depending on the readiness of infrastructure, regulations, and corporate governance. Furthermore, research gaps were identified regarding the integration of XBRL, climate change disclosure, and the concept of double materiality in sustainability reporting.This research provides an academic contribution in mapping the development of the concept of digital financial reporting and the direction of future research, particularly regarding the integration of big data-based information systems and artificial intelligence (AI) in corporate reporting
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2020 Corporate Governance and Value Relevance in Indonesian Manufacturing Companies
2020 TRANSPARENCY OF CREDIT INSTITUTIONS
2022 Big data, accounting information, and valuation
2024 Does XBRL adoption increase financial information transparency in digital disclosure environment? Insights from emerging markets
2024 Climate change disclosure and evolving institutional investor salience: Roles of the Principles for Responsible Investment
2024 Economics of Information Search and Financial Misreporting
2024 When Polish companies meet the ESEF Taxonomy. The correctness of XBRL tags in the first year of the ESMA ESEF mandate
2025 The double materiality principle and the sustainability reporting practices of Polish listed companies from the WIG30 Index
2025 BIBLIOMETRIC ANALYSIS OF DIGITAL FINANCIAL REPORTING: A COMPREHENSIVE REVIEW OF RESEARCH TRENDS AND EMERGING TOPICS
2021 The Journal of Global Information Management (JGIM)
2024 The determinants of eXtensible Business Reporting Language (XBRL) adoption: a cross-country study (Determinants of XBRL Adoption: A Cross-Country Study)
2024 Quantitative analysis of green investments in European automotive companies: a digital reporting analysis
2024 From Sensors to Standardized Financial Reports: A Proposed Automated Accounting System Integrating IoT, Blockchain, and XBRL
2023 A Futuristic View of Using XBRL Technology in Non-Financial Sustainability Reporting: The Case of the FDIC
2023 Use of the XBRL Language: Potential Benefits to Brazilian Companies
2024 Sustainability accounting for greenhouse gas emissions measurement using the GREETLCA model: practical review of automotive ESG reporting
2023 MODERNIZATION OF THE NATIONAL ACCOUNTING AND AUDITING SYSTEM USING DIGITAL TRANSFORMATION TOOLS
2025 Unveiling Challenges and Opportunities in the Integration of Emerging Technologies in the Accounting Profession: A Preliminary Investigation
2025 Isomorphic pressures and XBRL adoption: a meta-analysis with economic level as moderator
2023 The role of XBRL adoption on enhancing transparency of information disclosure: A case study of Jordanian financial companies
2024 Foreign investors' tendencies and stock market performance in pre- and post-XBRLadoption: evidence from Jordan
2022 The Importance of Value Relevance in The Indonesian Manufacturing Sector
2024 Sustainability accounting for greenhouse gas emissions measurement using the GREETLCA model: practical review of automotive ESG reporting
2021 The Effect of XBRL Adoption on Information Symmetry in Companies' Financial Reports through Knowledge Management: Perceptions of Employees of the Jordan Securities Commission
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Copyright (c) 2025 Shara Ketty Moretta Situmorang, Sambas Ade Kesuma, Fahmi Natigor Nasution, Keulana Erwin
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