AI in the audit
At a recent AICPA “A&A Focus” webcast, panellists explored how auditors can get more from artificial intelligence – not by upgrading the tech, but by upgrading their prompts.
Items tagged with "AI"
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Mind the data gap with AI assistants
Everyone’s talking about generative AI, not least in finance, where CFOs are dreaming of AI assistants to whip up reports, streamline analysis processes, and perhaps even make the coffee. But before businesses get swept up in the AI gold rush, it’s important to take a moment to ask: what’s feeding the machine?
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Making data AI-ready with XBRL
Over the summer, the Open Data Institute (ODI) released a new framework outlining what makes data truly AI-ready. It boils down to three pillars: the quality of the data itself, rich metadata, and robust infrastructure. And the good news: XBRL already has most of these requirements embedded in its capabilities and ecosystem practices.
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When AI meets XBRL, sustainability gets smarter
What happens when artificial intelligence meets digital sustainability reporting? The latest collaboration between OpenEarth Foundation and XBRL International offers a glimpse into that intersection. Together, we explored how AI can interpret XBRL-tagged sustainability data, enhancing the way information is analysed, compared and turned into insight.
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UK probes AIs impact on corporate reporting as structured data unlocks new, AI powered insight
The Financial Reporting Council (FRC) has tapped Lancaster University to lead a new deep-dive into how artificial intelligence is transforming corporate reporting. Launched last week, the project will explore how technologies like machine learning, automation and generative AI are being used to compile, analyse, and communicate financial and sustainability disclosures.
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ESEF and AI: A Natural Partnership for Enhanced Financial Analysis
Interesting post from Rob Riche of Friends Studio this week. The convergence of AI and structured data is creating entirely new opportunities for financial reporting, and in the UK and Europe, ESEF is positioned at the heart of this transformation.
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AI needs structure, not magic: why digital reporting remains essential
As negotiations on the final rules under the Corporate Sustainability Reporting Directive (CSRD) continue, some Members of the European Parliament are asking whether artificial intelligence (AI) could replace digital reporting.
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Digital reporting is vital infrastructure for CSRD
This article was originally published on LinkedIn here. AI is an extraordinarily important new technology, but it is not a magic wand. As the CSRD negotiations enter their last stages, some MEPs are wondering whether AI can replace digital reporting. The answer is ‘no’, but it is its natural complement. As the EU seeks to encourage […]
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XBRL means faster, cheaper analysis of sustainability disclosures, but few are ready to take advantage
Sustainability reporting is at a crossroads. Countries around the world are adopting sustainability and climate reporting standards, but most of that information is trapped in PDFs. That means slower, more expensive analysis, and a missed opportunity to harness the full power of growing volumes of sustainability data.
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Data first, AI second: why the smartest companies start with structure
AI might grab the spotlight, but data runs the show. Without structure, even the most advanced models are guessing rather than learning. Canon’s Norihiro (Nick) Katagiri made that point clearly in a recent iTNews Asia interview, reminding businesses that successful AI depends on solid, well-organised data from the start.
