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September 5, 2025

Implementation of Artificial Intelligence in Financial Reporting

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Authors

GTGergana Tsoncheva-PetkovaIHIliyan Hristov

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Overview

Implementation of AI enhances efficiency in financial reporting, indicating shifts in accounting practices.

Key Points

  • The automation of routine tasks in accounting reduces errors and enhances efficiency.
  • Despite advantages, challenges like ethical issues and high costs hinder AI implementation.
  • AI is transforming traditional accounting practices towards a focus on advisory services.
  • The shift to AI in financial reporting necessitates addressing legal and technological barriers.

Cite This Study

Tsoncheva-Petkova et al. (2025) studied this question.

synapsesocial.com/papers/68c239a3b210217d6477d674https://doi.org/10.56065/accountcont/2025.138
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  3. 3Artificial Intelligence in Accounting and Finance: Redefining the Landscape – A Critical Review2025
  4. 4Artificial Intelligence as a Strategic Ally in the Financial Sphere2024
  5. 5Influence and Applications of AI in Accounting and Audit Practice2025