Impact of Technology on Reporting Revealed

Technology impacts financial and business reporting, but to what extent? The Canadian Institute of Chartered Accountants (CICA) recently concluded a study examining the impact of technology on financial and business reporting and related issues the accounting profession needs to consider.

The study found that “the Internet is changing the boundaries, framework, and the fundamental role of financial reporting in society.” Because financial reporting on the Net is high in North America, some considerations must be made to embrace this technology.

Considerations include the impact of electronic on-line reporting on content, timing and format of financial information, and the integrity of electronic financial information. The study also explores the implications of electronic on-line reporting on current accounting models.

The study may be obtained from the CICA via email or call their order department at 1-800-268-3793.

Upcoming CPE Webinars

Jul 16
Hand off work to others with finesse and success. Kristen Rampe, CPA will share how to ensure delegated work is properly handled from start to finish in this content-rich one hour webinar.
Jul 17
This webcast will cover the preparation of the statement of cash flows and focus on accounting and disclosure policies for other important issues described below.
Jul 23
We can’t deny a great divide exists between the expectations and workplace needs of Baby Boomers and Millennials. To create thriving organizational performance, we need to shift the way in which we groom future leaders.
Jul 24
In this presentation Excel expert David Ringstrom, CPA revisits the Excel feature you should be using, but probably aren't. The Table feature offers the ability to both boost the integrity of your spreadsheets, but reduce maintenance as well.