The Financial Reporting Council (FRC) has published new guidance to support audit firms in deploying generative and agentic artificial intelligence (AI) tools, marking what it describes as the first guidance of its kind from an audit regulator globally.
The Institute of Chartered Accountants of Scotland (ICAS) has published a new report examining how accounting professionals are adopting generative artificial intelligence (Gen AI). The picture that emerges is one of cautious optimism, although real concerns about reliability continue to exist.
What if you could instantly see how a company’s story has changed from one year to the next? The final installment in our blog series on large language models (LLMs) and narrative disclosures explores exactly that question, showing how LLMs can be combined with structured XBRL data to compare narrative disclosures across reporting periods.
Artificial intelligence may be the most talked-about force in finance right now, but behind the buzz lies a more complicated reality. In a recent article, Sebastian Reinhard of Caleo argues that large language models (LLMs) promise transformative gains in financial planning yet without structure, governance and domain expertise, they risk delivering more noise than value.
On 15 May Stevens Institute of Technology will host the AI and Structured Data Forum: Optimizing Performance, a one-day gathering co-produced by XBRL US and the Center for Research toward Advancing Financial Technologies (CRAFT).
This week, XBRL International’s Revathy Ramanan published the third article in our series Using LLMs to Analyse Narrative Disclosures, shifting the focus from patterns in reported numbers to the tone of management commentary.
This is the third entry in the blog series “Using LLMs to Analyse Narrative Disclosures.” In the previous analysis, we explored how liquidity risk disclosures revealed clear patterns and outliers, offering valuable signals through structured XBRL tagging and LLM-powered summarisation. In this part, we shift focus to sentiment analysis — examining how management frames its […]
The UK’s Financial Conduct Authority (FCA) has launched a wide-ranging review into how artificial intelligence could reshape retail financial services in the years ahead.
An interesting piece from Vincent Huck in this week’s Corporate Disclosures e-zine (registration required, but you’ll thank us later) asking questions that need answers.
This is the second entry in the series “Using LLMs to Analyse Narrative Disclosures.” In the previous piece, we saw how a simple prompt was sufficient to uncover the pattern of audit firms across 900 reports. Because the exact fact — the audit firm code (EDRPOU) — was explicitly tagged, it became easy and reliable to […]
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XBRL International is a global not for profit operating in the public interest. Our purpose is to improve the accountability and transparency of business performance globally, by providing the open data exchange standard for business reporting.
