The effect of CPA assurance on the disclosure of cybersecurity risk management processes on Investors’ Willingness and Decisions in stocks - An experimental study

The research aimed to study and examined the effect of assurance on the disclosure of cybersecurity risk management processes on Investors’ Willingness and Decisions in stocks, as well as testing the impact of the level of experience and scientific qualification of the investor as modified variables on the relationship under study, through an experimental study on a sample of investors in the Egyptian business environment.
The study concluded that there is a positive significant relationship between the CPA Assurance on disclosure of cybersecurity risk management processes and Investors’ Willingness and Decisions in stocks, As disclosure of the cybersecurity risks faced by companies and the knowledge of how companies operate their business on networks and in the cloud and the security risks they face that may lead to huge financial losses, loss of reputation and damage to the competitiveness of the company is becoming increasingly important for investors, governments, consumers, vendors and other stakeholders to make sound decisions and judgments, and the effect on stock price, and long-term shareholder value, The necessity of assurance disclosures and managing cybersecurity risks in a way that enhances the validity and reliability of financial reports and the level of transparency and reduces the level of information asymmetry between managers and stakeholders in general and on the decisions and judgments of investors in particular, and increases confidence and Willingness to invest in companies’ stosks. The study also concluded there is  a significant effect of the variables of experience and scientific qualification of the investor together on the relationship between CPA Assurance on disclosure of cybersecurity risk management processes and Investors’ Willingness and Decisions in stocks, as well as a significant effect of investor experience on the relationship between CPA Assurance on disclosure of cybersecurity risk management processes and Investors’ Willingness and Decisions in stocks, As well as there is no a significant effect of the level of scientific qualification of the investor on that relationship under study.