AI in financial reporting and audit : Navigating the new era

AI is transforming financial reporting and auditing and is set to dramatically grow with varying levels of speed around the world and across industries – helping businesses create smarter and more joined-up information flows with better identification and response to risk and a much greater ability to detect anomalies and outliers.

KPMG’s ‘AI in financial reporting and audit: Navigating the new era’ study of senior executives and business leaders across 1800 companies globally confirms the importance of AI in financial reporting and auditing and clarifies, it is not hype. AI is changing auditing and businesses expect auditors to lead the way.

Our research conducted finds that we are standing on the cusp of a genuine financial reporting revolution: moving from the ‘digital age’ to the ‘AI age’ in which nothing will ever be quite the same again. Read our recent report to find out more.