The main objective of this study is to explore the level of awareness and adoption of cloud computing among the small and medium enterprises (SMEs) in Malaysia. Using accounting practitioners -both in the audit and commercial fields -as the sample, this study investigates as to whether they are aware of this emerging technology, the extent they utilize the technology, and the reasons for (non) adoption. The finding suggests that two-third of the respondents are not aware of cloud computing. The level of adoption is limited to several applications, namely Google Apps Engine and Dropbox. Cost and time saving were cited as the reasons for adoption, while lack of perceived benefits and security were cited as the most important drivers for nonadoption. Though 30% of the respondents claim to be familiar with cloud computing, but only 7% confirm they are very knowledgeable about it. Considering the benefits that cloud computing could offer to businesses, this development urges for more engagement from the government and cloud computing service providers to further promote this technology to the SMEs.

The rapid development of technology had impacted the way businesses communicate information to the stakeholders. eXtensible Business Reporting Language (XBRL) offers the ability to exchange financial information globally through a digitalized global standard language. To reduce information asymmetry, most studies on XBRL were carried out emphasizing on the reasons for the new technology adoption and intention for implementation, but studies on XBRL implications or effectiveness are still scarce. Expected to improve firm information dissemination, the post-implementation studies give more focus on the data quality and usage, but still no attempt to examine the effect of XBRL adoption on the quality of another means for information sharing, the internet financial reporting. Hence, this study aims to evaluate the differences (if any) in the quality of internet financial reporting of companies operating in the XBRL-mandated countries and companies operating in non-XBRL mandated countries.

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