A STUDY ON AI APPLICATIONS IN FINANCIAL REPORTING

This research paper examines the Artificial Intelligence has a transformative role in accounting and financial reporting. It offers accuracy, efficiency and decision making in financial matters. AI technologies perform several tasks like data entry; invoice processing, auditing and reducing human error. But it also has some challenges with data privacy and bias in algorithms. At the end the paper concludes by emphasizing the application of AI implementation is required along with human expertise to survive in the digital innovative world.