Artificial Intelligence in Accounting, Auditing, and Financial Reporting in India: Transforming Financial Transparency and Efficiency.

Abstract: Artificial Intelligence (AI) is increasingly influencing accounting, auditing, and financial reporting practices in India. With the growth of digital transactions and complex financial systems, traditional methods of financial management often struggle to process large volumes of data efficiently. AI-powered tools help automate routine accounting tasks, analyze financial patterns, and detect irregularities more quickly. These technologies support auditors in examining large datasets and improve the reliability and transparency of financial reporting. This study explores how AI contributes to transforming financial processes in India by enhancing efficiency, accuracy, and accountability. It also examines the operational challenges that organizations face while adopting AI-based financial systems, including infrastructure limitations, data security concerns, and the need for skilled professionals. The findings highlight that AI has the potential to strengthen financial governance when supported by appropriate regulatory frameworks, technological readiness, and professional expertise. Responsible implementation can help organizations maintain transparency while adapting to the demands of an increasingly digital financial environment.