Title: Comparing internet financial reporting practices: Indonesia, Malaysia, Singapore, Japan and Australia

Authors: Luciana Spica Almilia

Addresses: STIE Perbanas (Perbanas Banking and Business College), Nginden Semolo No. 34–36, Surabaya – East Jawa 60119, Indonesia

Abstract: Internet financial reporting practices in Indonesia is one form of transparency and accountability of good corporate governance. Good corporate governance requires companies to present information timely, clear, and comparable, especially concerning financial issues, management and company ownership. The research objective is to compare the quality of corporate disclosure of internet financial reporting in Indonesia, Singapore, Japan, Malaysia and Australia. The sample in this research is the companies in each country (Malaysia, Singapore, Japan and Australia) are the best in the category of Forbes magazine (Forbes 2000). Indonesia's best to use the criteria established by SWA magazine (SWA 100). The result of this study indicates that there are differences in IFR quality between companies in Malaysia with companies in Australia and Japan. This study also shows that there is a difference in IFR quality between companies in Indonesia with companies in Australia, Singapore and Japan.

Keywords: internet financial reporting; IFR quality; corporate websites; traditional financial reporting; financial statements; voluntary disclosure; Indonesia; Malaysia; Singapore; Japan; Australia; transparency; accountability; corporate governance.

DOI: 10.1504/IJBIS.2015.072743

International Journal of Business Information Systems, 2015 Vol.20 No.4, pp.477 - 495

Received: 22 Mar 2014
Accepted: 02 Aug 2014
Published online: 28 Oct 2015 *

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