AI to Strengthen Audits, Replace Accountants, Executives Predict

Oct. 3, 2023, 11:02 PM UTC

Artificial intelligence has the potential to improve the quality of financial statement audits while shrinking the number of accountants needed to vet corporate balance sheets and expenses, according to a survey of UK and US executives.

Nearly half of the 440 chief executives, financial officers, and other finance leaders surveyed in July and August

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