The International journal of digital accounting research -- V. 03, (2003)
Permanent URI for this collectionhttps://hdl.handle.net/10272/1472
Browse
Recent Submissions
Item type: Item , An XML schema design framework to simplify financial statement validation(Universidad de Huelva, 2003) Tam, KinsunFinancial statements share a common directed tree model. This common structure simplifies validation of financial statement instance documents and has important implications for the design of business reporting markup languages. Exploiting this a common structure enables different financial statements to share the same validation routine, thereby realizing considerable savings in development and maintenance of validation applications. This paper derives a common schema for financial statements based on a standard directed tree model, and demonstrates its contributions towards standardizing and simplifying validation of financial statements. This efficient framework of taxonomy development can be applied to other domains because many non-financial business documents also have a hierarchical structure expressible as a directed tree.Item type: Item , Developments in Internet financial reporting : review and analysis, across five developed countries(Universidad de Huelva, 2003) Allam, Amir; Lymer, AndrewInternet based corporate reporting is wide spread amongst companies of all sizes in most countries around the world. The development of online reporting practice has been rapid, largely mirroring, and motivated by, the development of the world-wide-web since 1994, being the primary Internet medium for online reporting. A number of studies of these developments have occurred over this time seeking to plot how companies are exploiting the media of the Internet and how they are developing their reporting practices in response to this ubiquitous route to current and potential investors, and other stakeholders. In this paper, we develop this literature further by extending the benchmarks that have been created to monitor this activity since the mid 1990s. This study focuses on the very largest companies in five countries around the world. It examines online reporting practices of 250 companies at the end of 2001 and in early 2002 by creating a detailed attribute analysis of common factors across the companies examined. In addition to illustrating developments in online reporting practices since the previous extensive studies were conducted in 1999 and early 2000, the results provide new insight into recent changes in this domain. It particularly illustrates how newer, more interactive, aspects of Internet technologies are now being exploited to enable us to benchmark these activities to follow their use in the near future. The paper then addresses the relationship between the size of companies and its level of reporting practices, and the differences between reporting practices of large companies listed primarily in the different countries examined. These results illustrate that reporting practices differ significantly between companies in different domains.Item type: Item , Determining benefits from B2B e-commerce : a strategic approach(Universidad de Huelva, 2003) Tanewski, George; Collier, Philip A.; Leech, Stewart A.A request from a powerful customer to exchange information electronically is an important external stimulus to the business strategy of a supplier. Prior research indicates that sub-optimal benefits, if any, are the typical result of such a stimulus. In this research, B2B ecommerce alignment between business strategy and IT strategy is proposed as a determinant of enhanced business benefits from electronic information exchange. A multiple case study approach in the Australian automotive industry is used to examine this proposition. As more electronic information is exchanged using a range of electronic modes, thus creating complex interorganizational systems, this research provides insights for suppliers about how to achieve greater benefits from B2B e-commerce.Item type: Item , Lessons for China and other developing economies from the crisis in US auditing(Universidad de Huelva, 2003) Alles, Michael G.; Kogan, Alexander; Vasarhelyi, Miklos A.The continuing series of business scandals, from Enron to WorldCom have severely undermined the credibility of auditors and audited financial statements in the US. With developing economies such as China looking to emulate western models of corporate governance, what lessons should they draw from these apparent failures in auditing? There is a danger that those opposed to modernization of accounting and auditing will use these scandals as an excuse to delay the adoption of new standards and methods. Indeed, the Enron/Andersen scandal was apparently one reason that Chinese authorities watered down proposals to require firms seeking new Class-A shares to hire a foreign auditor to supplement their local auditor. In this paper we discuss a more productive lesson that developing countries seeking to bring their accounting infrastructure up to Western levels can draw from the recent US experience, using China as a case study. China is the most important of all developing economies, and its impending entry into the WTO makes reform there particularly urgent. The path that China takes is also likely to serve as a role model for much of the rest of the developing world, especially in South East Asia. We argue that developing countries have the opportunity to “leapfrog” existing auditing techniques in the West that have proven to have serious shortcomings, and instead, go straight to the cutting edge methodologies of continuous assurance and tertiary logging. Continuous assurance is a type of auditing which, by making use of the “electronization” of the firm, produces audit results simultaneously with, or a short period of time after, the occurrence of relevant events. In comparison with the traditional financial statements audit, continuous assurance is distinguished by being timelier, more comprehensive, more accurate and more supportive of the management process. These capabilities are especially valuable for Chinese firms who face an environment with weaker legal, regulatory and management controls than in the West. However, the tenuous nature of The International Journal of Digital Accounting Research Vol. 3, No. 5, pp. 33-60 ISSN: 1577-8517 34 the auditing infrastructure in China makes it essential that it also adopts tertiary logging as a way of “guarding the guards”. We discuss how logging the audit in a continuous assurance setting will increase the deterrence capability of peer review, as well as serving as a source of institutional memory in the case of mandated auditor rotation, the separation of auditing from consulting and the unique Chinese proposal for dual auditing.Item type: Item , Intangibles disclosure information on Internet by multinational corporations(Universidad de Huelva, 2003) Gandía, Juan L.Rapid developments in information and communications technology, especially with regard to Internet, have caused a substantial impact on the delivery and dissemination of business information. Internet reporting is expected to bring significant benefits to reporting companies, including facilitating access to potential investors an other stakeholders, disseminating information more quickly, more widely and at less cost, providing a platform to integrate different technologies and reducing the cost of providing hard copy annual reports. In this paper, we have examined the extent and the way companies use Internet to provide information about their intangibles. We have established for the Standard & Poorś GLOBAL 100 Index companies, different Internet intangibles disclosure indexes, and we have contrasted which variables explain the disclosure of this intangible information on Internet. Results show that the region of origin, especially in the European companies, and the intensity of the intangible expenditures are the main factors that explain the differences in the extent of corporate intangible disclosure on Internet.Item type: Item , An approach to the measurement of intangible assets in dot com(Universidad de Huelva, 2003) Serrano Cinca, Carlos; Fuertes Callén, Yolanda; Mar Molinaro, CecilioA sample of 40 firms that operate on the Internet is studied to explore ways of identifying and measuring intangible assets in this area of business. The firms meet three conditions: operate on the Internet, have available accounting information, and are quoted on the stock exchange. Data was obtained for four web metrics indicators, 30 ratios that combine accounting and web traffic information, and a measure of efficiency based on Data Envelopment Analysis. Modelling relied on multivariate statistical approaches. Two intangible assets were identified: one was related to internal structure and was associated with managerial efficiency in achieving an impact in the Internet; and another one was associated with external image and customer loyalty.