FASB

(2000) defined internet financial reporting as the method for operation, technique and
other practices that are created to maximise the usage of website ability in channelling
business information.
The term internet financial reporting have been examined using various terms, these
terms include; corporate disclosure by internet, corporate internet reporting, corporate
internet financial reporting, corporate online reporting, digital reporting, electronic online
reporting, electronic-based financial reporting, internet accounting, internet-based
business reporting, internet-based corporate disclosure, internet disclosure, internet
financial disclosure, internet financial reporting, internet for financial reporting, internet
reporting, internet on corporate financial reporting, online reporting, online corporate
reporting, online financial reporting, web reporting, web-based accounting, web-based
reporting, web financial reporting, and web-based corporate reporting (Ali Khan and
Ismail, 2011). However, internet financial reporting have become the most popularly
used term (Ali Khan and Ismail, 2010)