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

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
Couverture souple
ISBN 10 : 6139463599 ISBN 13 : 9786139463596
Editeur : 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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Éditeur
LAP LAMBERT Academic Publishing
Date d'édition
2024
Langue
anglais
ISBN 10 
6139463599
ISBN 13 
9786139463596
Reliure
Broché
Nombre de pages
96
Coordonnées du fabricant
non disponible
Personne responsable
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