Issues with the communication and integrity of audit reports when financial reporting shifts to an information-centric paradigm

Cohen, Eric E.; Debreceny, Roger; Farewell, Stephanie; Roohani, Saeed

doi:10.1016/j.accinf.2014.05.008

Cited by 17 publications

(10 citation statements)

References 6 publications

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“…The number of Standard Business Reporting (SBR) implementation projects based on XBRL is growing rapidly. For example, such initiatives have been successfully launched in the Netherlands (Cohen et al, 2014), Australia, Finland, China, Brazil, Belgium, New Zealand, India and Singapore (Ojala et al, 2018). XBRL allows companies to file one set of information instead of filing it repeatedly in different forms to different government agencies for different purposes (Sinnett and Willis, 2009).…”

Section: Introductionmentioning

confidence: 99%

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Determinants of the voluntary adoption of digital reporting by small private companies to Companies House: Evidence from the UK

Alkhatib

Ojala

Collis

2019

International Journal of Accounting Information Systems

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This study examines the factors that influence the voluntary adoption of the digital reporting of the statutory accounts and returns to the company registry (Companies House) by small private companies in the UK. We analyse survey data from 343 members of the Association of Chartered Certified Accountants working in small companies or in practices with small company clients in the UK. The data is examined using statistical methods, mainly PLS-SEM. Our results show the following factors positively influence the voluntary adoption of digital reporting by small private companies: the relative advantage from standardisation benefits, the company's technology competence and support from top management. We also provide evidence that the complexity of the company's accounting system and technology costs inversely influence this voluntary adoption. The study contributes to the emerging literature by expanding our understanding of how the standardisation of financial information flows benefits small private companies. The results should be of interest to small companies and their accountants, regulators in the UK and other jurisdictions planning digital reporting initiatives or seeking to reduce administrative burdens on smaller entities.

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Section: Introductionmentioning

confidence: 99%

“…In 2010, inline XBRL (iXBRL) was developed in the UK to absorb large amounts of information (HMRC, 2011). While XBRL can be used to present financial information in machine readable format, iXBRL presents it in both machine readable and human readable formats (Cohen et al, 2014).…”

Section: Introductionmentioning

confidence: 99%

Determinants of the voluntary adoption of digital reporting by small private companies to Companies House: Evidence from the UK

Alkhatib

Ojala

Collis

2019

International Journal of Accounting Information Systems

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“…This research has explored how to associate an audit report with a digital corporate report (Cohen et al 2014), and how to draw opinions on the fairness of presentation in a digital reporting environment (Srivastava and Kogan 2010;Boritz and No 2016). Other studies have explored how one can decide on the controls relating to the production of digital corporate reports (Boritz and No 2016), the use and appropriateness of reporting extensions No 2009, 2016), and the amount of tags to be sampled in an assurance engagement (Plumlee and Plumlee 2008).…”

Section: Impact Of Digital Corporate Reporting and Xbrl On Audit And Assurancementioning

confidence: 99%

Digital Corporate Reporting: Research Developments and Implications

Troshani

Rowbottom

2021

Australian Accounting Review

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Innovations surrounding digital corporate reporting and underlying technology such as XBRL have been slowly introduced to corporate reporting infrastructure since the early 2000s. These innovations promise to enhance the accessibility, accuracy and comparability of reported information, and more effectively meet the needs of information users. Whilst research in the last two decades has attempted to provide evidence of the impact of digital corporate reporting, it remains largely fragmented and sparse. We take an eclectic perspective to review and synthesise existing research on digital corporate reporting and assess the broader research implications for key stakeholders, including preparers and users of corporate reports, regulators and standard-setters. In doing so, we offer an appraisal for those contemplating the growing influence of digital corporate reporting, and identify opportunities and avenues for future research.

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“…In spite of the growth of the social responsibility report, there is a gray area with legal weaknesses and impositions (Baxi & Ray, 2009), audit procedures, supervision and control, more in the environmental context (Lys et al, 2015) than in the social context (Cohen et al, 2014), which has led to the creation of more and better dissemination maps although there is much work to be done (Gilbert et al, 2011;Amazeen, 2011;Dawkins & Fraas, 2011), especially in access to information (Holder-Webb et al, 2009;Freguete et al, 2016).…”

Section: /887mentioning

confidence: 99%

O relato da informação financeira de responsabilidade social como contributo para a performance das empresas portuguesas

Faria

2018

Gest. Prod.

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Resumo Atualmente, as empresas utilizam a responsabilidade social como veículo de competição simultaneamente com outras estratégias organizacionais. Pela transversalidade e multidisciplinariedade do tema, a responsabilidade social é importante em vários domínios organizacionais, sendo o seu relato, particularmente o financeiro, um dos mais relevantes. Com base no seu relato financeiro, é possível determinar níveis de performance e fixar metas mais auspiciosas. Neste estudo, pretende-se verificar se as empresas portuguesas, que relatam informação de responsabilidade social no nível financeiro, são mais atrativas e se essa informação consegue potenciar performances empresariais. Para o efeito, foram aplicados 550 questionários a empresas nacionais, sem valores admitidos à cotação, com sede em Portugal continental, sendo que 344 foram validados e analisados aplicando-se uma estatística descritiva para apresentação de resultados. As principais reflexões indicaram que a falta de divulgação de informação social, humana e ambiental, nas empresas portuguesas, dificulta determinadas avaliações de performance pelos stakeholders, mas que, quando existe relato financeiro de informação socialmente responsável, esta impulsiona os resultados econômicos, a criação de valor e melhora a performance dessas empresas.

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Issues with the communication and integrity of audit reports when financial reporting shifts to an information-centric paradigm

Cited by 17 publications

References 6 publications

Determinants of the voluntary adoption of digital reporting by small private companies to Companies House: Evidence from the UK

Determinants of the voluntary adoption of digital reporting by small private companies to Companies House: Evidence from the UK

Digital Corporate Reporting: Research Developments and Implications

O relato da informação financeira de responsabilidade social como contributo para a performance das empresas portuguesas

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