Corporate reporting on the internet: some implications for the auditing profession

Corporate reporting on the internet: some implications for the auditing profession Purpose – The exponential growth in corporate reporting on the internet has created numerous opportunities and challenges for the accounting and auditing profession, and regulators. This study aims to examine internet reporting practices of companies in Malaysia for the purpose of exploring their auditing implications. Design/methodology/approach – An examination of the 100 Kuala Lumpur Stock Exchange Composite Indexed (KLSE CI) companies in Malaysia in 2003 and 2004. Findings – Although there has been an increase in both the number of companies and the types of information provided on the internet, the quality of internet reporting information to users has little improved. This problem is compounded because auditors have little control over web contents and the changes that can be made to audited information. Further guidance to standardise the types of internet reporting information may help protect the interest of users, provide more certainty to what information needs to be audited and reduce audit risks. Practical implications – The hosting of audited information on an auditor's web site may provide auditors with better control, reduce audit risks and further improve the credibility and reliability of information to users. Originality/value – Provides information on the financial reporting and auditing challenges posed by internet reporting. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Managerial Auditing Journal Emerald Publishing

Corporate reporting on the internet: some implications for the auditing profession

Managerial Auditing Journal, Volume 20 (6): 14 – Aug 1, 2005

Loading next page...
 
/lp/emerald-publishing/corporate-reporting-on-the-internet-some-implications-for-the-auditing-Y0m32FUaAw
Publisher
Emerald Publishing
Copyright
Copyright © 2005 Emerald Group Publishing Limited. All rights reserved.
ISSN
0268-6902
DOI
10.1108/02686900510606074
Publisher site
See Article on Publisher Site

Abstract

Purpose – The exponential growth in corporate reporting on the internet has created numerous opportunities and challenges for the accounting and auditing profession, and regulators. This study aims to examine internet reporting practices of companies in Malaysia for the purpose of exploring their auditing implications. Design/methodology/approach – An examination of the 100 Kuala Lumpur Stock Exchange Composite Indexed (KLSE CI) companies in Malaysia in 2003 and 2004. Findings – Although there has been an increase in both the number of companies and the types of information provided on the internet, the quality of internet reporting information to users has little improved. This problem is compounded because auditors have little control over web contents and the changes that can be made to audited information. Further guidance to standardise the types of internet reporting information may help protect the interest of users, provide more certainty to what information needs to be audited and reduce audit risks. Practical implications – The hosting of audited information on an auditor's web site may provide auditors with better control, reduce audit risks and further improve the credibility and reliability of information to users. Originality/value – Provides information on the financial reporting and auditing challenges posed by internet reporting.

Journal

Managerial Auditing JournalEmerald Publishing

Published: Aug 1, 2005

Keywords: Internet; Accounting; Auditing; Malaysia

References

You’re reading a free preview. Subscribe to read the entire article.


DeepDyve is your
personal research library

It’s your single place to instantly
discover and read the research
that matters to you.

Enjoy affordable access to
over 18 million articles from more than
15,000 peer-reviewed journals.

All for just $49/month

Explore the DeepDyve Library

Search

Query the DeepDyve database, plus search all of PubMed and Google Scholar seamlessly

Organize

Save any article or search result from DeepDyve, PubMed, and Google Scholar... all in one place.

Access

Get unlimited, online access to over 18 million full-text articles from more than 15,000 scientific journals.

Your journals are on DeepDyve

Read from thousands of the leading scholarly journals from SpringerNature, Elsevier, Wiley-Blackwell, Oxford University Press and more.

All the latest content is available, no embargo periods.

See the journals in your area

DeepDyve

Freelancer

DeepDyve

Pro

Price

FREE

$49/month
$360/year

Save searches from
Google Scholar,
PubMed

Create folders to
organize your research

Export folders, citations

Read DeepDyve articles

Abstract access only

Unlimited access to over
18 million full-text articles

Print

20 pages / month

PDF Discount

20% off