KPMG – AI in Financial Reporting and Audit: Navigating the New Era

The main theme of the report is the transformation of financial reporting and audit through artificial intelligence (AI).

Key findings include AI changing the approach to financial reporting and audit, making them more efficient and less labor-intensive. The possibility of creating smarter information flows and improved risk identification is highlighted. The transition from the 'digital age' to the 'AI age' in financial reporting is discussed. The report emphasizes the need to overcome obstacles such as accuracy and security. Auditors are expected to lead the transformation with AI and ensure its safe implementation. The importance of ethical approaches and responsible practices in using AI is also stressed.