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This paper outlines the experience of applying Delphi’s method, using as an example a particular application of the Delphi in the financial reporting, i.e. corporate social responsibility voluntary disclosure in companies’ annual reports. Using a review of Delphi method and voluntary disclosure literature, this paper suggests that the application of Delphi method is a beneficial tool in accounting field. The Delphi method is useful in reducing uncertainty through the consensus of panel experts of both users and preparers of the financial reporting. In essence, the Delphi method has potential to provide relevance and in-depth information to accounting researchers. This study outlines the researcher’s experience and challenges encountered during the survey and the way to deal with panellists. The main aim of this paper is to offer insights that can support other researchers to foreseen the outcomes when preparing to apply Delphi method within accounting discipline. Furthermore, this paper concludes with a discussion of the value of the Delphi method and provide insights into its limitations.
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In-Text Citation: (Zaini & Ekasari, 2022)
To Cite this Article: Zaini, S. M., & Ekasari, A. (2022). Reflection of The Application of Delphi Method in Developing Corporate Social Responsibility (CSR) Voluntary Disclosure Index. International Journal of Academic Research in Accounting Finance and Management Sciences, 12(3), 701–718.
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