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Financial reporting on the Internet by 2010: a consensus view

Jones, Michael John and Xiao, Jason Zezhong 2004. Financial reporting on the Internet by 2010: a consensus view. Accounting Forum 28 (3) , pp. 237-263. 10.1016/j.accfor.2004.07.002

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Abstract

Purpose - To consider possible developments in corporate financial reporting on the internet up to 2010. Design/methodology/approach - Recognizes the increasing importance of internet communications and reviews previous speculative studies of internet reporting. Uses a modified Delphi technique with 20 experts in accounting and/or the internet to develop consensus views on the future role of the internet, the determinants of change and the pace of change; and explains the methodology. Reflects on the issues arising from these views. Findings - Tabulates the propositions on which consensus (80%+) was achieved and their implications for the three dimensions. Sees the internet as a problem solver for some issues (e.g. timeliness, coverage) but a source of problems for others (e.g. commercial confidentiality, regulation) and sometimes both at once, e.g. because hard copy and electronic reports are expected to co-exist. The majority thought that both technological and other factors (e.g. social, organizational, behavioural) would be determinants of change and that change would be gradual. Believes that financial reporting will consist of a standardized, regulated core of information with additional, voluntary, customized material (possibly produced by professional users); and recognizes that this may cause problems with consistency, regulation and audit. Research limitations/implications - Calls for more research on the issues identified. Originality/value - Goes beyond subjective observations to derive an overall future scenario based on experts' views.

Item Type: Article
Date Type: Publication
Status: Published
Schools: Business (Including Economics)
Subjects: H Social Sciences > HG Finance
T Technology > T Technology (General)
Uncontrolled Keywords: Accounting Research; Delphi Method; Financial Reporting; Forecasting; Internet
Publisher: Elsevier
ISSN: 0155-9982
Last Modified: 12 Oct 2017 03:14
URI: http://orca.cf.ac.uk/id/eprint/37902

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