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75 Percent of Australian Companies Already Using AI in Financial Reporting

‘Our research shows that globally, companies are making significant investments in AI, with Australia at the forefront,’ said KPMG global audit head of AI.
75 Percent of Australian Companies Already Using AI in Financial Reporting
The logo of the ChatGPT application on a laptop screen (R) and the letters AI on a smartphone screen in Frankfurt am Main, western Germany, on Nov. 23, 2023. Kirill Kudryavtsev/AFP via Getty Images
Alfred Bui
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An international study has revealed that three-quarters of Australian companies are using or piloting artificial intelligence (AI) in their financial reporting, with forecasts about significant increases in AI investment in the coming years.

This figure was higher than the global average and ranked third among the surveyed countries, just behind Canada and the UK.

Alfred Bui
Alfred Bui
Author
Alfred Bui is an Australian reporter based in Melbourne and focuses on local and business news. He is a former small business owner and has two master’s degrees in business and business law. Contact him at [email protected].