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With advances on the internet, financial reports aren’t being physical documents as books. Therefore, the format of electronic financial reports and the way to obtain the financial reports has become an issue that’s worthy of concern. In April 2019, Taiwan Stock Exchange Corporation (TWSE) proposed a regulation which states all of the public company should disclose their financial reports in Inline XBRL (iXBRL). Because iXBRL combines the XBRL of financial reports and the technology of HTML tags, iXBRL can be read by web browsers directly. Although iXBRL the format of financial reports improves readability of electronic financial reports, it’s still inconvenient while obtaining the data of electronic financial report. In order to enhance the accuracy of financial data and efficiency of getting financial data, this study proposes the financial report API (Application Programming Interface). Financial report API is a software intermediary that communicates between TWSE financial report data and financial applications. Financial report API offers a first-hand and timing data to users. This study analyses the benefits and costs of establishing financial report API, which standing in the perspective of TWSE, public companies, CPA firms, investors, data intermediaries (financial website), investment analysts, institutional investors and financial researchers.
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