In this report, we examine the effects of data and technology on the finance function—the capture/collection of data, their management, analysis, and their use in the production and presentation of financial reports, as well as the audit of those reports. We assess how data, data analytics, and technology may transform the financial reporting process to make it more effective, resulting in greater transparency for investors. Finally, we outline our vision for broader and deeper use of structured data—that is, across all reports in their entirety—to bring about untold efficiencies and transparency for all users.
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