FRC lab seeking AI project participants
The Financial Reporting Council’s (FRC) financial reporting lab is seeking representatives of listed companies, investors/analysts and technology experts to participate in a project looking at the impact of the technology in the production and consumption of corporate reporting
5 Apr 2018
The work forms the next phase of the lab’s digital future project, an initiative launched in 2016 to investigate the impact of technology on corporate reporting communications to the investment community.
The project’s deliverables so far include publication of a framework of characteristics that are important for a system of digital reporting, and a deep dive report on how XBRL fits into corporate reporting.
The lab is due to report on the possibilities of blockchain in the corporate reporting process shortly, and is now looking to investigate how AI and related technologies are, and will be, used in the production and consumption of corporate reporting data.
The project is seeking participants who are preparers or service providers, working on the production of company reporting, who has either used or investigated the use of AI; technology companies offering AI products that assist in the production or consumption of company external reporting; and investors or data providers using AI to assist in the consumption of company reporting.
Participation in a lab project usually involves an individual interview of around an hour, and a roundtable of about two to three hours, exploring key topics and trends. The lab is carrying out this project over the summer and aims to produce a report in the autumn.
Report by Pat Sweet