The role of Artificial Intelligence in Improving The Quality of Financial Statements

Abstract

This study aimed to analyze the role of AI in improving the quality of financial statements. We present the implication of AI in the Accounting field through the various technologies used. To test this impact, We used a questionnaire in the applied section to ascertain the views of a group of professionals and academics regarding the extent to which AI technologies affect the quality of financial statements through both positive and negative impacts. The study's findings concluded that the use of AI improves the quality of financial statements by detecting errors and manipulations in a timely manner, While also helping to increase accuracy and transparency and expedite the process of Accounting treatment and financial statements preparation.conversely, the study also revealed some drawbacks, such as weak technological infrastructure and a lack of personnel qualified to handle advanced technologies.