The Rise of Accounting: Making Accounting Information Relevant Again with Exogenous Data

Arion Cheong; Huijue Kelly Duan; Qing Huang; Miklos A. Vasarhelyi; Chanyuan Abigail Zhang

doi:10.2308/jeta-10812

The Rise of Accounting: Making Accounting Information Relevant Again with Exogenous Data

Arion Cheong, Huijue Kelly Duan, Qing Huang, Miklos A. Vasarhelyi, Chanyuan Abigail Zhang

Stevens Institute of Technology, Rutgers, The State University

Research output: Contribution to journal › Article › peer-review

Abstract

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.

Original language	English
Pages (from-to)	1-20
Number of pages	20
Journal	Journal of Emerging Technologies in Accounting
Volume	19
Issue number	1
DOIs	https://doi.org/10.2308/jeta-10812
State	Published - Mar 1 2022

ASJC Scopus subject areas

Accounting
Computer Science Applications

Keywords

Big Data
ESG
accounting
assurance
auditing
business reporting
cybersecurity
exogenous data
external data

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10.2308/jeta-10812

Cite this

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abstract = "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.",

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The Rise of Accounting: Making Accounting Information Relevant Again with Exogenous Data

Abstract

ASJC Scopus subject areas

Keywords

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