“…In the last few years, accounting literature has dealt with the question of how Big Data impacts the tasks, roles, and activities in accounting (Bhimani and Willcocks, 2014;Cockcroft and Russell, 2018;Leitner-Hanetseder et al, 2021;Vasarhelyi et al, 2015;Warren et al, 2015), how it might improve financial decision making, or how financial reporting might take place (Warren et al, 2015). However, there is little research on factors that deals with how to recognize and even less on how to assess the increasingly important (potential) value of data within financial statements (Birch et al, 2021;Warren et al, 2015;Schwarz, 2020;Xiong et al, 2022). May this be true to the fact that data recognition and data assessment may need new, innovative and out-of-the-box research initiatives in the age of digitalization (Monteiro et al, 2020) as data are seemingly totally different from the previous assets recognized under IFRS?…”