Advancing Financial Reporting in the Age of Technology: An Interview with Robert H. Herz

Autor: Robert H Herz, Duo Pei
Rok vydání: 2021
Předmět:
Zdroj: Journal of Emerging Technologies in Accounting. 18:117-124
ISSN: 1558-7940
1554-1908
DOI: 10.2308/jeta-2021-028
Popis: This paper is based on an interview on January 9, 2020, with Robert H. (Bob) Herz, the former two-term chairman of the Financial Accounting Standards Board, on how the environment for business reporting has evolved and how it may continue to evolve. Bob Herz has also held decision-making positions as a part-time member of the IASB and on the board of the SASB. In this interview, we discuss a pragmatic reporting model suited to the era of Big Data and technology. We also explain the different interests of the reporting process, including the standard-setters, preparers, auditors, and users. The main idea of this paper focuses on how to incorporate Big Data and technology into reporting models working within the current framework and needs of the stakeholders. We then outline several use cases that illustrate a refined reporting model using Big Data and technology.
Databáze: OpenAIRE
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