Author(s): Juhandi, N., Fahlevi, M., Purnamawati, I. G. A., Kesa, D. D., Setyawan, B., Yusuf, & Tantriningsih, H. A.
Extensible Business Reporting Language (XBRL) is a universal elec-tronic communi-cation language used to transmit and exchange business information, enhancing various processes including preparation, analysis and accuracy for the parties who are involved in this exchange. XBRL has a significant impact on accounting and auditing. This paper will de-scribe the impact of XBRL on a paradigm shift in financial reporting and also its relation to the supply chain of financial reporting. The method that I use in this research is descriptive quantitative method, this method the writer intends to collect historical data and observe carefully about certain aspects related to the problem being researched by the author so that it will obtain data that can support the preparation of a research re-port. The results of this study are transparency and presentation of data is important in the discussion of corporate governance, especially to avoid information asymmetry. The weakening of stock trading caused the stock price at the initial price to feel higher than before. The high share price will reduce the ability of investors to buy these shares. After a long discourse, the Indonesia Stock Exchange (IDX) plans to be more serious about implementing issuers' financial reporting using the Exten-sible Business Reporting Language (XBRL) system.