Online vs. Printed Reports
From the foregoing discussion, it appears less costly to use, prepare and make available online reports as oppose to facilitating the process in the printed form. Further, the ‘reach' in terms of the number of persons who can access the statements of a company is more or less unlimited with online reporting. A public firm in Trinidad and Tobago has a competitive advantage in relation to attracting investment and other business transactions on a regional and international level as oppose to one which relies strictly on the printed reports whether in the local media (newspaper) or company published reports. Despite the foregoing differences in relation to the actual reporting process, Lymer etal (1999) found the only difference between these reports to be ‘the form of reporting and the nature and extent of disclosure' Lymer etal (1999).