672967 news 1708013066 1708013689 <![CDATA[The Use of AI By Financial Executives and Their Auditors]]> Artificial intelligence is starting to have the capability to improve both financial reporting and auditing. However, both companies and audit firms will only realize the benefits of AI if their people are open to the information generated by the technology. A new study forthcoming in Review of Accounting Studies attempts to understand how financial executives perceive and respond to the use of AI in both financial reporting and auditing.

In “How do Financial Executives Respond to the Use of Artificial Intelligence in Financial Reporting and Auditing?,” researchers surveyed financial executives (e.g., CFOs, controllers) to assess their perceptions of AI use in their companies’ financial reporting process, as well as the use of AI by their financial statement auditor. The study is authored by Nikki MacKenzie of the Georgia Tech Scheller College of Business, Cassandra Estep from Emory University, and Emily Griffith of the University of Wisconsin.

“We were curious about how financial executives would respond to AI-generated information as we often hear how the financial statements are a joint product of the company and their auditors. While we find that financial executives are rightfully cautious about the use of AI, we do not find that they are averse to its use as has been previously reported. In fact, a number of our survey respondents were excited about AI and see the significant benefits for their companies’ financial reporting process,” says MacKenzie.

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Reprinted from Forbes

]]> 2024-02-15T00:00:00-05:00 In a recent article in Forbes by Joseph Brazel, he examines research conducted by Nikki MacKenzie, assistant professor of Accounting at the Georgia Tech Scheller College of Business, and her colleagues on how financial executives view AI and its use in the financial reporting process.

]]> 673098 image <![CDATA[Nikki MacKenzie]]> 256453 image/jpeg Lorrie Burroughs, Scheller College of Business

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