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Specifically, "algorithmic transparency" states that the inputs to the algorithm and the algorithm's use itself must be known, but they need not be fair. " Algorithmic accountability " implies that the organizations that use algorithms must be accountable for the decisions made by those algorithms, even though the decisions are being made by a ...
Algorithmic accountability refers to the allocation of responsibility for the consequences of real-world actions influenced by algorithms used in decision-making processes. [ 1 ] Ideally, algorithms should be designed to eliminate bias from their decision-making outcomes.
Algorithmic system inspections to support enforcement of the DSA. Technical tests on algorithmic systems to enhance the understanding of their functioning. Advice on procedures to secure data access to regulators and researchers. 2. Scientific research and foresight. Study of the short, mid and long-term societal impact of algorithmic systems.
ACTUS has been implemented as a set of royalty-free, open standards for representing financial contracts. The standards combine three elements. First, a concise data dictionary that defines the terms present in a particular type of financial contract. Second, a simple but complete taxonomy of the fundamental algorithmic contract type patterns.
This is a list of the International Financial Reporting Standards (IFRSs) and official interpretations, as set out by the IFRS Foundation. It includes accounting standards either developed or adopted by the International Accounting Standards Board (IASB), the standard-setting body of the IFRS Foundation.
It is based on the eight principles as well as a foundation of standards, best practices, and legal/regulatory requirements. The maturity model goes beyond a mere statement of the principles by beginning to define characteristics of various levels of recordkeeping programs.
Algorithm certification involves auditing whether the algorithm used during the life cycle 1) conforms to the protocoled requirements (e.g., for correctness, completeness, consistency, and accuracy); 2) satisfies the standards, practices, and conventions; and 3) solves the right problem (e.g., correctly model physical laws), and satisfies the ...
The FASB expects that the new system will reduce the amount of time and effort required to research an accounting issue, mitigate the risk of noncompliance with standards through improved usability of the literature, provide accurate information with real-time updates as new standards are released, and assist the FASB with the research efforts ...