TY - JOUR
T1 - The Rise of Accounting
T2 - Making Accounting Information Relevant Again with Exogenous Data
AU - Cheong, Arion
AU - Duan, Huijue Kelly
AU - Huang, Qing
AU - Vasarhelyi, Miklos A.
AU - Zhang, Chanyuan Abigail
N1 - Publisher Copyright:
© 2022, American Accounting Association. All rights reserved.
PY - 2022/3/1
Y1 - 2022/3/1
N2 - Financial reporting and assurance in their current form are losing relevance to investors in firm valuations. New sources of data, especially exogenous or external data that are generated outside the organizations, have opened doors to new ways of business measurement and information validation. Examples of exogenous data include social media, online searches, social networks, and news media. This paper discusses the state-of-the-art applications of exogenous data in the measurement and assurance of business reporting, ESG, and cybersecurity and provides potential avenues for future research. Furthermore, this paper speculates on the nature of the new paradigm of business measurement and assurance with exogenous data and the difficulties that are emerging.
AB - Financial reporting and assurance in their current form are losing relevance to investors in firm valuations. New sources of data, especially exogenous or external data that are generated outside the organizations, have opened doors to new ways of business measurement and information validation. Examples of exogenous data include social media, online searches, social networks, and news media. This paper discusses the state-of-the-art applications of exogenous data in the measurement and assurance of business reporting, ESG, and cybersecurity and provides potential avenues for future research. Furthermore, this paper speculates on the nature of the new paradigm of business measurement and assurance with exogenous data and the difficulties that are emerging.
KW - Big Data
KW - ESG
KW - accounting
KW - assurance
KW - auditing
KW - business reporting
KW - cybersecurity
KW - exogenous data
KW - external data
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U2 - 10.2308/jeta-10812
DO - 10.2308/jeta-10812
M3 - Article
AN - SCOPUS:85135738270
SN - 1554-1908
VL - 19
SP - 1
EP - 20
JO - Journal of Emerging Technologies in Accounting
JF - Journal of Emerging Technologies in Accounting
IS - 1
ER -