The Role of IASB on Corporate Reporting Disclosures: Use of Artificial Intelligence
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| Format: | Book chapter |
| Language: | English |
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International Conference on Management and Economics
2023
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| Online Access: | https://repository.daystar.ac.ke/handle/123456789/4191 |
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| author | Kagwaini, Dorothy |
| author_facet | Kagwaini, Dorothy |
| author_sort | Kagwaini, Dorothy |
| collection | DSpace |
| description | Book chapter |
| format | Book chapter |
| id | oai:repository.daystar.ac.ke:123456789-4191 |
| institution | Daystar University |
| language | English |
| publishDate | 2023 |
| publisher | International Conference on Management and Economics |
| record_format | dspace |
| spelling | oai:repository.daystar.ac.ke:123456789-41912024-02-21T16:24:52Z The Role of IASB on Corporate Reporting Disclosures: Use of Artificial Intelligence Kagwaini, Dorothy Corporate Reporting Disclosure Integrated Reporting International Accounting Standard Board International Financial Reporting Standards Book chapter In the year 2015 the International Accounting Standards Board made a decision to stick to their core business of financial reporting. However, the need for efficient and effective ways of measuring and communicating nonfinancial information is paramount to ensure the realization of corporate reporting disclosure that has been at loggerheads with the traditional financial reporting. The purpose was to provide clarity in how the International Accounting Standards Board could play a more proactive role on corporate reporting disclosures by focusing on artificial intelligence. This will enable preparers to have a clear understanding of which standards would be appropriate when evaluating non-financial information. The paper adopted a qualitative approach whereby white papers from the World Economic Forum as well as journal papers were used. Drawing from the use of artificial intelligence, this paper reported on the current developments of the Global Regulator‘s taxonomy, benefits of corporate reporting disclosures by firms along with practical guidelines for mentality change of Accountants in their profession. Finally, challenges advanced by the artificial intelligence such as societal impacts were argued. It was concluded that the Global Regulator could improve the current taxonomy to include non-financial information. This paper will contribute to the body of knowledge as there is scarcity of published data related to to corporate reporting disclosure in emerging economies as well as their responsiveness to country specific regulators 2023-08-15T08:52:58Z 2023-08-15T08:52:58Z 2019 Book chapter kagwaini, D. (n.d.)2019. The Role of IASB on Corporate Reporting Disclosures: Use of Artificial Intelligence N 978-955-1507-66-4 https://repository.daystar.ac.ke/handle/123456789/4191 en application/pdf International Conference on Management and Economics |
| spellingShingle | Corporate Reporting Disclosure Integrated Reporting International Accounting Standard Board International Financial Reporting Standards Kagwaini, Dorothy The Role of IASB on Corporate Reporting Disclosures: Use of Artificial Intelligence |
| title | The Role of IASB on Corporate Reporting Disclosures: Use of Artificial Intelligence |
| title_full | The Role of IASB on Corporate Reporting Disclosures: Use of Artificial Intelligence |
| title_fullStr | The Role of IASB on Corporate Reporting Disclosures: Use of Artificial Intelligence |
| title_full_unstemmed | The Role of IASB on Corporate Reporting Disclosures: Use of Artificial Intelligence |
| title_short | The Role of IASB on Corporate Reporting Disclosures: Use of Artificial Intelligence |
| title_sort | role of iasb on corporate reporting disclosures: use of artificial intelligence |
| topic | Corporate Reporting Disclosure Integrated Reporting International Accounting Standard Board International Financial Reporting Standards |
| url | https://repository.daystar.ac.ke/handle/123456789/4191 |
| work_keys_str_mv | AT kagwainidorothy theroleofiasboncorporatereportingdisclosuresuseofartificialintelligence AT kagwainidorothy roleofiasboncorporatereportingdisclosuresuseofartificialintelligence |
Wiley 2013 interpretation and application of international financial reporting standards