Presentation Chapter 12

Presentation Chapter 12 - Chapter XII Contemporary Issues...

Info iconThis preview shows pages 1–7. Sign up to view the full content.

View Full Document Right Arrow Icon
Click to edit Master subtitle style Contemporary Issues in Business Ethics and Corporate Governance Chapter XII
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Click to edit Master subtitle style Chapter Objectives: • Address the broad influence of technology in twenty-first-century corporate governance • Introduce a theoretical “cybercompany model” to promote the use of information technology in areas of shareholder communication, electronic commerce, electronic financial reporting, and continuous auditing. • Recognize the factors that help build a firm information infrastructure. • Present electronic financial reporting using XBRL format. • Discuss continuous auditing. Video ( Video)
Background image of page 2
Click to edit Master subtitle style Key Terms Chief information officer (CIO) Continuous auditing Cybercompany model Digital economy E-commerce Electronic Data Gathering, Analysis, and Retrieval (EDGAR) Extensible Business Reporting Language (XBRL) Extensible Markup Language (XML) Financial Reporting and Auditing Agent with New Knowledge (FRAANK) Information infrastructure Reporting independence System independence Taxonomy
Background image of page 3

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Click to edit Master subtitle style Information Technology IT can play an important role in corporate governance as a tool to improve the efficiency and effectiveness of corporate governance. The CIO or IT manager is responsible for management and operation of the IT function to support other corporate governance functions. Compliance with Sections 404 (real-time disclosures) and 802 (criminal penalties for altering documents) of SOX necessitates the use of IT solutions for timely access to secure and complete business documents.
Background image of page 4
Click to edit Master subtitle style Electronic Disclosure The SEC has recently accepted, on a voluntary basis, filing of financial reports in XBRL format, along with statutory filings under the Electronic Data Gathering, Analysis, and Retrieval (EDGAR) system. http://www.youtube.com/user/SusanCrosson , VIDEO
Background image of page 5

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Cybercompany Model The full and effective use of IT may shape and improve corporate governance functions. Cybercompany may consist of the following elements: 1. Electronic Communication with Shareholders. Shareholder voting can be done electronically by using the same technologies used in local and national elections. It is expected that in the future, the majority, if not all, of companies’ communications will be conducted in electronic form. 2. Electronic Commerce. E-commerce has had profound implications for corporate governance and raised several policy, legal, and business issues that need to be addressed. 3.
Background image of page 6
Image of page 7
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 02/24/2011 for the course ACCT 7050 taught by Professor Razai during the Spring '11 term at U. Memphis.

Page1 / 22

Presentation Chapter 12 - Chapter XII Contemporary Issues...

This preview shows document pages 1 - 7. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online