As regulators around the world wrestle with how artificial intelligence can strengthen oversight of corporate reporting, XBRL US has delivered a clear statement to the Public Company Accounting Oversight Board (PCAOB): the future of audit supervision may depend less on flashy AI models and more on the quality of the data fed into them.
On 9 April the US Public Company Accounting Oversight Board (PCAOB) released a proposal to significantly enhance a range of metrics that audit firms will need to publicly disclose on an annual basis.
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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.
