M. C. Garg1 and Divya2

1Haryana School of Business, Guru Jambheshwar University of Science and Technology,
Hisar - 125001, Haryana, India
2University School of Management Studies, Guru Gobind Singh Indraprastha University,
New Delhi - 110006, India
1E-mail: mc_garg@yahoo.com, 2E-mail: divya.ipu@gmail.com


This research paper examines the extent of compliance of web-based corporate disclosure with the requirements of Indian Accounting Standards (AS).  The online annual reports were available for 132 companies, out of the total sample of 200 companies and these were studied for their compliance to AS. A worksheet has been prepared to determine disclosure score known as Accounting Standards Disclosure Index (ASDI). The relationship between accounting standards disclosure index and company characteristics including nature of industry, affiliation to business house, age, size, profitability, liquidity, ownership and leverage has been studied. Results reveal that relationship between industry sector, affiliation with business house and profitability of company with accounting standards disclosure index is significant.

Keywords: Accounting Standards Disclosure Index, Accounting Standard.