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1、外文文献翻译译文一、外文原文原文:EconomicconsequencesofinternetfinancialreportingThelastfifteenyearsorsohaveseenenormousdevelopmentoftheInternetandanincreasingacceptancebyitsusers.MajorcharacteristicsoftheInternetarethatinformationcanbeaccessed(almost)anytimeandeverywh
2、ere,andgenerallyatalowcost,theinformationisup-to-date;therearefewlimitsondataavailability;informationcanincludedynamicpresentationsandmultimedia;andthereisthepossibilityofinteractiveinformationdemandandsupply.Thesedevelopmentshaveapossibilityofinteracti
3、veinformationdemandandsupply.Thesedevelopmentshaveasignificanteffectonthedisseminationofinformationandonthetradingofgoods,includingshares,andthusontheorganizationalstructuresofhowtheseactivitiesareperformed.Theyalsoopenupnewandastoundingopportunitiesfor
4、financialdisclosurethataffectallinterestedparties,notablycorporations,investors,auditors,andinformationintermediaries.Variousstudiesshowthatmostlistedcorporationsnowdisclosefinancialinformationontheirwebsites,andthatthelevelofdisclosurehasincreasedovert
5、helastyears.TheInternethasprobablybecometheprimarysourceforuserssearchingforcorporatefinancialreports.Companiesinvestsubstantialresourcesinthedevelopmentoftheirwebsites,andcomeupwithinnovativewaystopresentfinancialinformation.WhiletheacceptanceofInterne
6、tdisclosurehasincreased,mostoftheinformationprovidedisstillsubstantiallythesamethatisavailablefromothersources,too.Therearemanyopportunitiesforthispracticetochange.Empiricalstudiessuggestadeclineinthevalueoftraditionalfinancialreports.(Lev,Zarowin1999)R
7、educingboundariesforgeneratinganddisseminatinginformationbyInternettechnologiesmayprovidetheopportunitytochangethetraditionalfinancialreportingmodel.Forinstance,Elliottconcludesthat“Informationtechnology(IT)ischangingeverything,”(e.g.Elliot1999)andTrite
8、sseesashiftfromthePacioliparadigmtotheGoogleparadigm(Trites2004).WiththeadventofExtensibleBusinessReportingLanguage(XBRL)asastandardizeddatadescriptionformatforfinancialreporting,therearemanystudiesthatdescribethistechnologyandpr