Research Tilburg Law School

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Erik P.M. Vermeulen on Technology, Governance and Reporting in Vienna on November 28, 2018

Erik P.M. Vermeulen gave a presentation the “digital transformation of business models” at the World Bank conference on Technology and Financial Reporting in Vienna on November 28, 2018.

Accountants have long dropped the leather sleeves and physical books they used before the IT revolution. The new digital revolution, developments in artificial intelligence, data analytics and blockchain technologies are having a significant impact on the way business is done and play a crucial role in improving a company’s disclosure and reporting process. The newest wave of digital technologies can now tackle these high value-added services and accomplish in hours what it takes humans weeks to complete. This session will discuss the benefits that technology can bring to financial reporting alongside with a range of risks, many of which are not yet fully understood.