Subject. The article explores the impact of digitalization on the way public reporting of business entities develops. Objectives. The study reveals the substance of today's trends in the development of public reporting as ICT evolve. I also try raising the public awareness about the XBRL format to submit financial statements and integrated reporting. Methods. The study relies upon general methods of research, such as the analysis, synthesis, comparison, generalization, abstraction. Results. The article classifies development trends in public reporting classifying them by scale, inquiry of users, technological means. I determine why such trends arose in terms of technological means. XBRL is found to be a promising format for business data transfer, with difficulties in adopting it being studied by the Russian scholars, who specialize not only in accounting and financial reporting, but also in ICT. I unfold opportunities XBRL gives for sharing and distributing IFRS financial statements electronically. I also evaluate the potential of XBRL for circulating integrated reporting packages among users, though its adoption is impeded due to the non-existent taxonomy of integrated reporting. Conclusions and Relevance. ICT, modern communication means constructively promote public reporting. XBRL is widely spread internationally to release financial statements electronically, since the IFRS Foundation has outlined the IFRS taxonomy, which is constantly updated and adjusted for IFRS amendments. XBRL presentation of integrated reporting is indispensable without the uniform taxonomy of integrated financial reporting.
Sovremennye tendentsii razvitiya otchetnosti khozyaistvuyushchikh sub"ektov: monografiya [Modern development trends in financial reporting of business entities: a monograph]. Rostov-on-Don, RSUE Publ., 2019, 514 p.
Alekseeva I.V. [Development trends in financial reporting during the digitization]. Vestnik nauchnykh konferentsii, 2019, no. 7-2, pp. 12–15. (In Russ.)
Vakhrushina M.A., Malinovskaya N.V. [Corporate reporting: New requirements and lines of development]. Mezhdunarodnyi bukhgalterskii uchet = International Accounting, 2014, vol. 17, iss. 16, pp. 2–9. URL: Link (In Russ.)
Zenkina I.V. [The development pathway and current trends of integrated reporting: International and Russian aspects]. Mezhdunarodnyi bukhgalterskii uchet = International Accounting, 2019, vol. 22, iss. 10, pp. 1088–1110. (In Russ.) URL: Link
Legenchuk S.F. [The world tendencies of development of accounting in postindustrial economy conditions]. Mezhdunarodnyi bukhgalterskii uchet = International Accounting, 2011, vol. 14, iss. 8, pp. 56–62. URL: Link (In Russ.)
Malinovskaya N.V. [Trends in the development of reporting of public sector organizations: Integrated reporting]. Bukhuchet v zdravookhranenii = Accounting in Health Care, 2015, no. 9, pp. 8–15. (In Russ.)
Malinovskaya N.V. Integrirovannaya otchetnost': praktika sostavleniya [Integrated reporting: Preparation]. Moscow, RUDN University Publ., 2016, 205 p.
Rozhnova O.V. [The modern trends of financial reporting development]. Uchet. Analiz. Audit = Accounting. Analysis. Auditing, 2018, vol. 5, no. 2, p. 30. URL: Link (In Russ.)
Upravlencheskii uchet v gosudarstvennykh (munitsipal'nykh) uchrezhdeniyakh: metodologiya, organizatsiya i napravleniya sovershenstvovaniya: monografiya [Management accounting in public (municipal) institutions: Methodology, procedure and lines of improvement: a monograph]. Moscow, Nauchnye tekhnologii Publ., 2015, 268 p.
Lyal'kova E.E. [International and Russian experience in using the XBRL]. Ekonomicheskie nauki = Economic Sciences, 2020, no. 182, pp. 137–143. (In Russ.)
Bulyga R.P. [The role of digitization in the transformation of accounting and analytical and central procedures]. Ekonomika i upravlenie: problemy, resheniya = Economics and Management: Problems, Solutions, 2019, vol. 8, no. 3, pp. 4–10. (In Russ.)
Druzhilovskaya T.Yu., Druzhilovskaya E.S. [Improving the financial reporting of organizations in the digital economy]. Uchet. Analiz. Audit = Accounting. Analysis. Auditing, 2019, vol. 6, no. 1, pp. 50–61. (In Russ.) URL: Link
Kovalev A.E. [The concept of interactive financial statements]. Uchet i kontrol' = Accounting and Control, 2019, no. 5, pp. 14–26. (In Russ.)
Rozhnova O.V. [IFRS development: Problems and solutions during the digitalization]. Ekonomika i upravlenie: problemy, resheniya = Economics and Management: Problems, Solutions, 2019, vol. 15, no. 3, pp. 27–37. (In Russ.)
Gorodetskaya O.Yu., Gobareva Ya.L. [XBRL format and the specifics of its use in Russia]. Vestnik Tul'skogo filiala Finuniversiteta = Bulletin of Tula Branch of Financial University, 2018, no. 1, pp. 389–390. (In Russ.)
Morozova T.V., Safonova E.G., Kalacheva O.N. [Evaluation of the impact of the IFRS reporting in XBRL formal of taxonomy]. Azimut nauchnykh issledovanii: ekonomika i upravlenie = ASR: Economics and Management, 2018, vol. 7, no. 2, pp. 237–241. (In Russ.)
Korop S. [The reality of XBRL]. Sovremennye strakhovye tekhnologii = Modern Insurance Technology, 2018, no. 4, pp. 68–71. (In Russ.)
Fomina O.B., Fomin M.V. [Issues of standardized business reporting]. Vestnik Tverskogo gosudarstvennogo universiteta. Seriya: Ekonomika i upravlenie = Bulletin of Tver State University. Series: Economics and Management, 2016, no. 1, pp. 140–150. (In Russ.)
Zhukova N.V., Yarovova V.V., Vorob'eva E.V. [XBRL as a new reporting format for economic entities]. Vestnik obrazovatel'nogo konsortsiuma Srednerusskii universitet. Seriya: Ekonomika i upravlenie = Bulletin of Educational Consortium Central Russian University. Series: Economics and Management, 2019, no. 13, pp. 10–13. (In Russ.)
Malinovskaya N.V. [The International Integrated Reporting Framework: Five years after the release]. Mezhdunarodnyi bukhgalterskii uchet = International Accounting, 2019, vol. 22, iss. 5, pp. 500–514. (In Russ.) URL: Link