KPMG: 99% of firms expected to adopt AI in financial reporting in next three years

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KUALA LUMPUR: Some 10 per cent of companies have widely adopted artificial intelligence (AI) in financial reporting, while nearly 72 per cent are piloting or using it selectively, according to a global survey by KPMG International.

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"As a result, audits are shifting towards being more real-time and predictive, significantly transforming how insights are delivered,” he said in a statement today.

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Article Details

Category: EconomyBusiness

Markets: Malaysia

Topics: /Business/Business News Financial reporting KPMG Auditor Artificial intelligence AI

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-17 @ 15:46:00 (2 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 251 words

Reading Time: 2 minutes read

Sentences: 8 lines

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News ID: 21662025

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