AI | XBRL

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OECD and FSB roundtable explores AI’s growing role in finance

In May 2024, the Organisation for Economic Co-operation and Development (OECD) and the Financial Stability Board (FSB) hosted a roundtable on the adoption of AI in finance, bringing together experts from both the public and private sectors. Discussions focused on the opportunities AI presents, as well as the risks it introduces to the financial industry.

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AICPA addresses ethics of AI in audits

By Editor

The American Institute of Certified Public Accountants (AICPA) recently hosted its latest A&A Focus webcast, diving into the ethical implications of using artificial intelligence (AI) in audit procedures. The event, part of a monthly series, featured insights from leading experts on accounting, auditing, and assurance.

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AI and XBRL: automatic tagging?

By Editor

In the newest article in a recent swathe of research into XBRL and AI, UBPartner (long time XBRL software vendor and member) has explored the potential for natural language processing (NLP) to automate the identification and tagging of key information in annual reports.

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FSB highlights importance of data quality in AI for financial stability

By Editor

US Treasury Official Nellie Liang, Chair of the Financial Stability Board (FSB) Standing Committee on Assessment of Vulnerabilities, addressed the OECD-FSB Roundtable on Artificial Intelligence in Finance. Liang emphasised the transformative potential of AI in finance, however she also highlighted the need for robust data quality to manage the risks associated with AI deployment.

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Narrative disclosure analysis with GPT-4: unlocking new insights

By Editor

XBRL International’s own Revathy Ramanan dives into the potential of GPT-4 for analysing narrative disclosures in XBRL data this week. As machine learning and generative AI continue to advance, they present new opportunities for understanding complex business performance data.

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Narrative disclosure analysis with GPT-4

By Revathy Ramanan

New technologies such as machine learning and generative AI are creating exciting new opportunities for understanding business performance. In particular, they can crack open relatively intractable data that is difficult to analyse conventionally, making it easier to access new insights without deep technical knowledge. In my last blog post I began to explore how GPT-4 […]

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Leveraging AI and data analytics in financial regulation

By Editor

Earlier this month, Commissioner Jaime Lizárraga addressed the Eleventh Annual Conference on Financial Market Regulation in Washington D.C., emphasising the importance of economic analysis in the work of the US Securities and Exchange Commission (SEC).

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FSB Asia’s perspective on addressing AI and climate risks

By Editor

The Financial Stability Board (FSB) Regional Consultative Group for Asia (RCG Asia) met in Colombo to discuss financial market developments, including the implications of artificial intelligence (AI) and climate change on financial stability.

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Fighting against fraud with AI for business verification

By Editor

In an increasingly online world, the need to verify legal entities accurately is paramount. Enter artificial intelligence (AI), a transformative technology that holds the promise of automating entity verification and monitoring, thereby reducing the risk of fraud and criminal activities.

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IOSCO expands focus with new workstreams on AI and green finance

By Editor

In response to evolving challenges in the financial landscape, the International Organisation of Securities Commissions (IOSCO) has unveiled its updated work plan for 2024. This revised plan introduces fresh initiatives aimed at addressing emerging trends, including, among others, artificial intelligence (AI) and green finance.

AI

Items tagged with "AI"

OECD and FSB roundtable explores AI’s growing role in finance

AICPA addresses ethics of AI in audits

AI and XBRL: automatic tagging?

FSB highlights importance of data quality in AI for financial stability

Narrative disclosure analysis with GPT-4: unlocking new insights

Narrative disclosure analysis with GPT-4

Leveraging AI and data analytics in financial regulation

FSB Asia’s perspective on addressing AI and climate risks

Fighting against fraud with AI for business verification

IOSCO expands focus with new workstreams on AI and green finance

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AI

Items tagged with "AI"

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