DISTRIBUTED LEDGER TECHNOLOGY ON FINANCIAL REPORTING ERRORS IN BANKS

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.

Autorentext

Dr. Anderson Emmanuel, ORIAKPONO (author) is the acting HOD of Taxation & Fiscal Policy at ANAN University and an Adjunct Lecturer. He holds a Ph.D. in Financial Markets from Rivers State University, along with M.Sc. degrees in International Trade and Finance from the University of Port Harcourt. Specializing in capital markets, corporate finance.