With new generative AI systems and applications being released, announced or demonstrated daily, it is hardly surprising that this new breed of tools is also catching the eye of regulators and law makers around the world.
This week saw FASB Chair Rich Jones sit down with XBRL International Chair Wes Bricker at a FASB Webinar on Digital Reporting. Diving into data quality, Inline XBRL assurance, and the impact of AI on both digital reporting and the accounting profession, this was a wide ranging discussion.
The UK Financial Reporting Council’s Lab – designed as a workshop space for investors and companies to work together on solutions for reporting needs – has published its latest insight into emerging artificial intelligence in reporting.
The Bank of England is undertaking research into voluntary climate-related disclosures of UK financial institutions via machine learning. The research aims to understand asymmetries between firms and investors, look at how disclosure practices differ across firms, and to shed light on the decision of whether to make climate-related reporting mandatory.
The US Financial Accounting Standards Board (FASB) and Governmental Accounting Standards Board (GASB) are looking into the ways in which investors are using artificial intelligence (AI) to consume and analyse financial data.
We found food for thought in a recent article from Irene Liu and team of Accenture, exploring the use of Natural Language Processing (NLP) for regulatory compliance.
“The world is grappling with dramatic shifts in climate change, environmental, social, and geopolitical events. In a world of rapid digital transformation, how do companies, investors, regulators, standard setters, and ordinary citizens respond to these shifts?” asks Christine Tan in a recent guest post at ESG Today.
We enjoyed the food for thought offered in a recent opinion piece by Jo Ann Barefoot on the case for placing artificial intelligence (AI) at the heart of digitally robust financial regulation.
There is great food for thought in the title of some recent remarks by US Securities and Exchange Commission (SEC) Chair Gary Gensler on ‘Dynamic Regulation for a Dynamic Society.’
The 2021 SEC Speaks event, held on 12–13 October, generated a wide range of comment from staff of the US Securities and Exchange Commission (SEC), covering subjects such as digital assets, private markets, and proactive enforcement.
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