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

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.

The survey titled "AI in Financial Reporting and Audit: Navigating the New Era” also reported that 99 per cent of organisations are expected to adopt AI into their financial reporting processes in the next three years.