Financial Accounting Reliability

Financial accounting information is a company's financial statements that they use to show their financial standing and performance to their stakeholders. This project has both ethical and enhancement goals for financial accounting information. The overall goal is to find methods to improve the reliability and conformity of financial accounting information in large markets. The reasoning behind this goal is to be able to make sure that all stakeholders are able to make better decisions by improving the financial information they have to work with. There are procedures in place now that help improve the reliability of such information, such as internal controls and audits. However, I wanted to take a deeper look and find ways that we can improve this process and prevent fraud. When taking a deeper look, I am referring to technology advancement and artificial intelligence. I want to be able to find ways or create ideas to use technology to our advantage. The question is, how?