FRC Financial Reporting Lab extends digital reporting research to artificial intelligence
03 Apr 2018
The Financial Reporting Lab of the UK Financial Reporting Council (FRC) has released a call for participants to participate in the next phase of its ‘Digital Future project’.
The Lab is looking to investigate how artificial intelligence and related technologies are, and will be, used in the production and consumption of corporate reporting data.
As part of its Digital future project, the Lab has already:
- released a report setting out a framework for future digital reporting,
- released a report concluding that XBRL (eXtensible Business Reporting Language) is an important technology in the path to digitisation of company reporting, and
- explored the possibilities of Blockchain in the corporate reporting process (report forthcoming).
The Lab will be carrying out the project on artificial intelligence over the summer and aims to produce a report in the autumn.
Please click for the call for participants on the FRC website.
