Internet Financial Reporting in Malaysia: The Preparers’ View

Abstract

This paper reports the opinion and awareness of the Internet financial reporting (IFR) from the preparers’ perspectives and examines the individual firm motives to engage the IFR.  The researchers interviewed ten senior managers using semi-structured and in-depth questionnaires to seek their views and opinions on IFR issues.  All respondents claimed ownership structure influenced IFR, and seven respondents agreed industry members and firm size influenced such reporting practice.  As for corporate governance mechanisms, the respondents were largely unsure about its influence.  This paper bridges the gap by interviewing preparers concerning issues pertaining to IFR in Malaysia. Among the more significant issues are the security of the Web site, timeliness of reporting and adoption of XBRL.