Within the IFR environment, companies practicing IFR can benefit from a CA system in ensuring the quality of Internet-reported financial information (IRFI). In such an environment, the audit report starts to be a part of information disclosed via the Internet instead of being an element of tightly controlled physical documents (Debreceny and Gray, 1999). Moreover, because no disclosure regulations exist, a number of issues and challenges emerge regarding the electronic dissemination of financial information on the Web (Debreceny and Gray, 1999; Ashbaugh et al., 1999; Hodge, 2001; Xiao et al., 2002; Gal, 2009). Some of these issues include unauthorized access and/or modifications to IRFI, hyper-linking audited and unaudited financial information, possibility of audit report’s omission as well as disclosing information that is not covered by the audit report.