AI is a credibility problem for capital markets

Author

• Liandong ZHANG, Singapore Management UniversityFollow

Publication Type

News Article

Version

acceptedVersion

Publication Date

3-2026

Abstract

In a commentary, SMU Dean of the School of Accountancy and Lee Kong Chian Professor of Accounting Zhang Liandong said that artificial intelligence (AI) is not mainly a labour problem for accountancy but also a credibility problem for capital markets. Prof Zhang noted that in an AI-rich economy, accountancy matters not just as a reporting function but also as part of the infrastructure that makes economic information reliable enough for others to act on. He added that the future of accountancy should not be framed too narrowly as a struggle for professional survival. Prof Zhang said that the bigger risk is that markets become saturated with low-cost intelligence but short on accountability.

Discipline

Accounting | Artificial Intelligence and Robotics | Finance and Financial Management

Research Areas

Corporate Governance, Auditing and Risk Management

Publication

Business Times (Singapore)

First Page

168

Last Page

16

ISSN

1733-8179

Publisher

Singapore Press Holdings

Citation

ZHANG, Liandong. AI is a credibility problem for capital markets. (2026). Business Times (Singapore). 168-16.
Available at: https://ink.library.smu.edu.sg/soa_research/2130

Creative Commons License

This work is licensed under a Creative Commons Attribution-NonCommercial-No Derivative Works 4.0 International License.