KUALA LUMPUR (July 17): Asia-Pacific companies were the slowest in adopting artificial intelligence (AI) for financial reporting, according to a survey by KPMG International.
The study, based on a survey of 1,800 companies across 10 countries, found that only 29% of Asian Pacific firms were on board with AI, KPMG said in a statement. That compares to 39% of the firms in North America and 32% in Europe, the firm noted.
“The roles of auditors are being redefined as businesses are looking to their auditors to lead the AI transformation due to their deep understanding of financial reporting…
