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 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).
XBRL US recently announced that it has joined the Center for Research toward Advancing Financial Technologies (CRAFT) as an affiliate member. The collaboration aims to explore how structured, standardised data, particularly in XBRL format, can enhance AI and other fintech applications.
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.
Europe risks losing ground. Digital reporting isn’t “extra paperwork” — it’s the digital key to corporate transparency, enabling information to be discovered, compared, and trusted at scale. Inline XBRL (iXBRL) can be read directly by people, yet also reliably processed by machines. It’s the modern starting point for trusted corporate data. Many jurisdictions have already […]
Artificial intelligence is very good at producing answers. The problem is, without structured data, it often doesn’t know if those answers are right.
This guest opinion piece is from Janis Steinman. Janis is the Head of XBRL at Lucanet, a leading software house that provides CFO Solution Platforms to enterprises across the world. He is also the Chair of XBRL International’s Best Practices Board. Janis has collaborated in developing this article with José Antonio Huizar Moreno, the CEO […]
A new academic study led by Professor Ariel Markelevich of Suffolk University, published 3 July, puts artificial intelligence (AI) under the microscope by testing how well it reads financial statements.
This is an article by Donato Calace (SVP of Innovation and Accounts at Datamaran), in collaboration with John Turner (CEO at XBRL International) and Jérôme Basdevant (CTO and co-founder at Datamaran). It was originally published by Datamaran here, and is republished by their kind permission. As corporate sustainability reporting requirements have evolved, digital tagging and […]
The US Securities and Exchange Commission (SEC) is considering changes to disclosure requirements for small businesses, with an eye toward reducing compliance burdens.
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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.
