1、AI and automation in financial reportingGuideDecember 2024ContentsForeword 3About this publication 41.0 What is automation and AI?61.1 What are common subsets of AI?71.2 What are common subsets of automation?81.3 Automation versus AI 91.4 What are examples of common use cases?102.0 Entity-level cont

2、rols related to automation and AI tools 122.1 Control environment 132.2 Risk assessment 152.3 Information and communication 162.4 Monitoring activities 183.0 Risk assessment 203.1 Understand the impact to the entitys environment when using automation and AI tools 213.2 Understand the overall IT envi

3、ronment 233.3 Fraud risk factors 284.0 Process understanding and process control activities 294.1 Process understanding 294.2 Process control activities 344.3 Information 375.0 General IT controls for automation and AI tools 405.1 IT layers 405.2 General IT controls 40 5.2.1 Program acquisition and

4、development 41 5.2.2 Program change 45 5.2.3 Access to programs and data 46 5.2.4 Computer operations 485.3 GITCs executed by AI 502AI and automation in financial reporting 2024 Copyright owned by one or more of the KPMG International entities.KPMG International entities provide no services to clien

5、ts.All rights reserved.USCS019071-1BWhat is automation and AI?Entity-level controls related to automation and AI toolsRisk assessmentProcess understanding and process control activitiesGeneral IT controls for automation and AI toolsForewordWe are at the most significant transformational moment in th

6、e history of the audit profession.It is reshaping everyday life,business,and society.KPMG is at the forefront,helping organizations harness artificial intelligences(AI)power responsibly and ethically.Our latest CEO Outlook survey of CEOs indicated that 60%would invest in AI regardless of economic co