An Investigation into the Impact of XBRL Implementation on Audit Fees: A Study on Selected Indian Companies
DOI:
https://doi.org/10.53573/rhimrj.2026.v13n03.019Keywords:
Accuracy, Audit fees, Digital financial reporting, Firm size, Transparency, XBRL IndiaAbstract
Digital financial reporting across the globe is being emphasized to have accurate financial data in a uniform manner, which can easily be accessed and compared by the end users. XBRL plays a key role in digital reporting. XBRL basically enhances accuracy, transparency, and efficiency in business information supply chains. This research evaluates the adoption of XBRL on the fees of audited accounts, using evidence from listed companies in the National Stock Exchange (NSE) of India. The period for the study is 2007-08 to 2023-24. The period 2007-08 to 2010-11 is considered a pre-XBRL period whereas 2011-12 to 2023-24 is considered a post-XBRL period. The researcher applied the Pearson correlation matrix to find out the relationship among the variables and multivariate regression analysis was applied to test the hypotheses. The research will conclude the adoption of XBRL helps in the reduction of audit fees and will also conclude the relationship of audit fees with the firm size.
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