DISTRIBUTED LEDGER TECHNOLOGY ON FINANCIAL REPORTING ERRORS IN BANKS: Assessing the Role of Blockchain in Enhancing Accuracy and Transparency in Financial Reporting - Softcover

Oriakpono, Anderson Emmanuel

 
9786139463596: DISTRIBUTED LEDGER TECHNOLOGY ON FINANCIAL REPORTING ERRORS IN BANKS: Assessing the Role of Blockchain in Enhancing Accuracy and Transparency in Financial Reporting
Softcover
ISBN 10: 6139463599 ISBN 13: 9786139463596
Publisher: LAP LAMBERT Academic Publishing, 2024

Synopsis

The book by Dr. Anderson Emmanuel Oriakpono examines the transformative role of Distributed Ledger Technology (DLT) in reducing Financial Reporting Errors (FREs) in the banking sector. It investigates FRE causes, such as omissions and principle violations, using case studies from Enron, Wells Fargo, and Nigerian banks. DLT’s transparency, decentralization, and automation are presented as solutions to financial reporting challenges. Practical applications like smart contracts, immutable audit trails, and real-time data sharing enhance accuracy, compliance, and efficiency. The book explores regulatory and ethical considerations, including data privacy, ownership, and adherence to global standards. Balancing innovation with legal frameworks, particularly in Nigeria, is emphasized. Emerging trends such as AI integration and asset tokenization demonstrate DLT’s potential to revolutionize financial systems while addressing operational inefficiencies and fostering trust.

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Publisher
LAP LAMBERT Academic Publishing
Publication date
2024
Language
English
ISBN 10 
6139463599
ISBN 13 
9786139463596
Binding
Paperback
Number of pages
96