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Financial Statement Audit in the Era of Artificial Intelligence
Muradova K. Z., Sliunina T. L.

Muradova, Kamila Z., and Sliunina, Tetiana L. (2025) “Financial Statement Audit in the Era of Artificial Intelligence.” Business Inform 9:270–277.
https://doi.org/10.32983/2222-4459-2025-9-270-277

Section: Accounting and Auditing

Article is written in English
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UDC 504.062

Abstract:
The aim of this article is to analyze the implementation of artificial intelligence in corporate accounting, particularly the process of preparing financial statements, and its impact on changes in auditing procedures. AI is a key component of the modern business environment, aimed at minimizing the influence of human factors and automating routine tasks that require accuracy and consistency. However, there are currently risks, including the «black box» risk, which involves a set of data and decisions that form the basis of the final response to the user, the risk of using low-quality data, and the risk of bias. There are also legislative requirements for the ethical use of artificial intelligence in various areas of human activity. The primary document regulating these rules is the AI Act, developed by the government of the European Union. The article explores the implementation of artificial intelligence in enterprise accounting, which can cover all operational processes leading to the final data in financial reporting. It is found that AI can significantly enhance the accuracy of financial reporting by minimizing the impact of human factors and providing room for specialists to focus on strategic tasks. A potential approach from enterprise management regarding AI monitoring to prevent potential risks and ensure compliance with legislation is presented, along with an approach to developing new audit procedures to evaluate the effectiveness and accuracy of AI in preparing financial statements and testing the reliability of the data utilized by this tool. Further research could focus on examining how enterprises adapt to changes in AI-related legislation, the development and emergence of new trends in AI usage and internal controls within organizations, as well as the development of standardized AI auditing practices in companies with the involvement of certified auditors.

Keywords: artificial intelligence, accounting, financial reporting, auditing procedures, automation, risks, managerial control.

Fig.: 1. Bibl.: 14.

Muradova Kamila Z. – Bachelor, V. N. Karazin Kharkiv National University (4 Svobody Square, Kharkіv, 61022, Ukraine)
Email: [email protected]
Sliunina Tetiana L. – Candidate of Sciences (Economics), Associate Professor, Associate Professor, Department of Statistics, Accounting and Auditing, V. N. Karazin Kharkiv National University (4 Svobody Square, Kharkіv, 61022, Ukraine)
Email: Tslunina@ karazin.ua

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