Finance Executives Set High Bar as Outside Auditors Turn to AI

Finance leaders expect their auditors, now armed with increasingly complex artificial intelligence tools, to dig deeper into business risks and better translate how they reach their findings, a new survey suggests.

Executives are split over whether they are benefiting from earlier technology upgrades that US accounting firms have rolled out, according to a survey the Financial Education and Research Foundation released Tuesday.

Half of surveyed leaders said that the use of AI improved the quality of their latest financial statement audit, according to the report reflecting 2024 financial statement audits. Executives also noted productivity ...