The Canadian Institute of Chartered Accountants (CICA) has just released a discussion draft of the research report, Using the Internet in Corporate Reporting: Practical Guidance for Effective Communications with Stakeholders. This 256-page report was prepared by a volunteer study group of eight professionals with backgrounds in investor relations, public and private company reporting, financial analysis, public accounting, academe and information technology. In the Study Group’s view, the Internet is a vital communications medium for any business. Because of its global reach, mobile technology and immediate data transfer, more businesses and stakeholders are now connected to the Internet than ever before. Companies are moving from a document-based approach to a data-centric approach for communicating with investors and other stakeholders while, at the same time, building stakeholder relationships online. For every business, this means new opportunities and new risks. This is Part 1 of a multi-part series of postings on the key messages contained in this new CICA research report.
