Corporate Reporting on the Internet - Standard-setters perspective

In 2000, the United States Financial Accounting Standards Board (FASB) issued a report on Electronic Distribution of Business Reporting Information as part of its Business Reporting Research Project (BRRP). The report examined the kind of business information corporations were reporting outside of financial statements. In 2002, the International Federation of Accountants (IFAC) issued a paper Financial Reporting on the Internet. The purpose was to stimulate discussion of issues faced by enterprises that, in addition to communicating financial information through the traditional paper medium, also choose to communicate financial information on their corporate website.