Accounting and Auditing Research

Accounting and Auditing Research

To Recognize Deterrents and Limitations of Information Dissemination of Registered Securities in Securities and Exchange Organization based on COBIT and SRMM

Document Type : Original Article

Authors
Ali Saeedi 1
Ali Abdollahi 2
Fahime Sharif 3
1 Assistant Professor of Finance in Azad University, North Branch (Management and Social Sciences Faculty) a_saeedi@iau-tnb.ac.ir
2 PhD in Management and Head of IT Department, Securities and Exchange Organization
3 Master of Executive Master Business Administration
10.22034/iaar.2013.104555
Abstract
Information is the most valuable asset in Capital Market that has effective role in economic growth of communities; so that market performance is directly depend on rapid and timely information dissemination.
Now, securities issuers in Iran capital market, disseminate investors required information based on Information Technology.
During information transfer from issuers to investors, there are many kinds of deterrents that cause lack of fast and timely information dissemination.
Due to ongoing process, scope of the study was determined; including “IT Governance process” and “Stakeholder Relationship Management”. We use an IT Governance framework “COBIT” and Stakeholder Relationship Management model “SRMM” as maturity assessment and measurements tools, respectively.
This work has tried, by using two internationally accepted maturity models, to investigate the information propagation situation in the two fields just mentioned, so that, in a declared framework, current limitations can be identified.
Accordingly, expert opinions were collected through questionnaire. After comprehensive assessment, the results were compared with higher level maturity. The gap analysis between current and desirable status identifies deterrents as outcome.
Keywords
Information Propagation Deterrents
Maturity Level
COBIT
SRMM
Accounting and Auditing Research
Volume 5, Issue 17
Spring 2013
Pages 86-107