AI in financial reporting and audit

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Summary

● AI is transforming financial reporting and auditing, making them more efficient and effective.
● AI helps businesses improve risk identification and response, as well as anomaly detection.
● The concept of an AI-powered financial reporting ecosystem with real-time auditing is becoming closer to reality.
● The speed and accuracy of AI are helping to overcome limitations faced by humans in these tasks.
● The future of AI in financial reporting and auditing holds potential for value-added insights and predictive capabilities.

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