The Role of Technology in Enhancing Financial Disclosure

Shefali Dwivedi; Sanjay Kumar Nigam; Smriti Pandey

The Role of Technology in Enhancing Financial Disclosure

Author(s)	Ms. Shefali Dwivedi, Dr. Sanjay Kumar Nigam, Smriti Pandey
Country	India
Abstract	This study explores the transformative impact of advanced technologies—such as XBRL, Inline XBRL, blockchain, artificial intelligence (AI), and machine learning—on the modernisation of financial reporting. It evaluates their influence on the quality, accessibility, comparability, and timeliness of disclosures, alongside the role of regulatory technology (RegTech) in strengthening compliance efficiency and market transparency. Drawing on global case studies and empirical evidence, the research assesses outcomes across multiple dimensions. The findings indicate that advanced reporting tools markedly reduce disclosure timelines, with AI-powered automation enabling quarterly reports within 24 hours of closing accounts. Accuracy has improved through blockchain-based triple-entry systems and AI-enabled anomaly detection, cutting reconciliation errors by over 90% and manual reporting mistakes by more than 50%. Standardised digital tagging has enhanced cross-border comparability, while interactive reporting platforms have increased stakeholder engagement by over 50%. RegTech integration has halved compliance timelines, raised fraud detection accuracy to 99%, and reduced regulatory costs by up to 25%. Market benefits include narrower bid–ask spreads, faster investor responses, and broader analyst coverage. Nonetheless, challenges persist, including high implementation costs, cybersecurity vulnerabilities, inconsistent global standards, and workforce skill gaps. The research concludes that effective adoption demands both technological investment and organisational readiness, supported by targeted upskilling initiatives. Overall, the study highlights technology’s capacity to make financial reporting more transparent, efficient, and investor-friendly while emphasising the need to address operational and governance barriers.
Keywords	Financial Reporting, XBRL, Blockchain, Artificial Intelligence, RegTech, Market Transparency
Field	Mathematics > Economy / Commerce
Published In	Volume 7, Issue 1, January-February 2026
Published On	2026-02-02

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The Role of Technology in Enhancing Financial Disclosure

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