AI-Driven Financial Reporting and Risk Management: A Path to Economic Growth and Market Efficiency

Recent advances in Artificial Intelligence (AI) are having a tremendous effect on the financial industry, particularly in areas of reporting and risk management. Literature research makes it evident that artificial intelligence technologies are revolutionizing how financial information is collected, analyzed and disseminated to enhance accuracy and decision-making processes. In this paper we investigate AIs transformative role in financial reporting and risk management. This paper addresses how AI may assist the U.S. economy by improving efficiency, accuracy and economic stability. Furthermore, ethical considerations and regulatory challenges associated with its use in finance are discussed; our findings indicate that while AI offers significant benefits, careful management is required in order to mitigate its potential risks while increasing positive effects upon growth and stability of economic systems.