The rise of the web as a source of information and as a communicative medium is widely acknowledged as a key phenomenon of our times. It is a visible example of globalisation and the rise of knowledge economies (Halal and Taylor, 1999; Lymer et al., 1999). Halal and Taylor (1999) emphasise how different the social and economic global context is becoming – and the threats and opportunities that this represents – as a result of what they see as the "unifying” of the world "into a global market governed by the imperatives of knowledge” (Halal and Taylor, 1999, p. xvii). For these authors, the changes constitute an information revolution that creates new systems of political economy. Our ability to "handle information”, they suggest, which "multiplied by roughly a factor of 1 million” in the latter decades of the last century is on course to increase by another millionfold sooner rather than later (Halal and Taylor, 1999, p. xvii). In this regard, they maintain: "In short, a more sophisticated, technological foundation for economies is being built that transcends our former constraints” yet this "presents a variety of equally unprecedented challenges” in relation to political, economic and ecological dimensions (Halal and Taylor, 1999, p. xviii). The online revolution’s impact on reporting has meant that the internet has increasingly been usedas a means of communication in the dissemination of accounting information. Corporations, for instance, have increasingly been using the internet as a medium for disseminating accounting information, constituting what Lymer et al. (1999) term a "rapidly changing world of business reporting”. And other organisations, including NGOs and campaign groups who may campaign against various dimensions of corporate activity, are also mobilising the available technology. This AAAJ special issue seeks to critically discuss these important developments vis-a` -vis accounting and the wider socio-political and economic consequences .