Internet of things: Emerging impacts on digital reporting

Abstract

This paper develops a future research agenda for fostering a resurged interest in digital reporting through the emergence of the Internet of Things (IoT). Drawing upon the media richness and corporate communication frameworks, we enquire the evolving stages of digital reporting and review the contemporary academic literature on IoT to discuss the opportunities and practical concerns for developing future advances in the digitisation of accounting information. Our analysis explores how the media richness-related features of IoT fit, challenge and enhance the dynamics that constitute corporate communication, i.e.: communicator, message, medium/channel, audience, relationship and conversation. This paper opens new directions of research on advances in digital reporting and sheds light on the innovative ways accounting information is co-produced and shared through the IoT.