AI in Accounting and Finance: Transforming Reporting, Risk and decision making.

Today, technology is playing a significant role is this 21st century. Artificial Intelligence (AI) is increasingly transforming the fields accounting routine tasks, improving accuracy identifying irregularities & supporting predictive as well as prescriptive decision-making Application such as invoice processing ,audit analytics, credit evaluation, Fraud detection, Portfolio optimization & Regulatory Compliance influence, how AI Is changing the way organization measure performance, manage risk & allocate Financial resources. This Research paper explores major AI- Technologies- including machine learning, natural language processing, robotic process automation & generative AI- and Examines their use in benefits & limitations of these technologies, governance requirements, and emerging developments in the field. The study also highlights ethical and legal concerns, particularly issues related to transparence bias, data privacy and accountability. This paper concludes that AI can provided substantial value when implemented with strong controls, reliable data, explain ability practices and a human –in –the loop approach to maintain professional judgment & trust.