KPMG Turns to ‘Gamechanger’ Gen AI Tools to Advance Auditing

KPMG auditors worldwide now rely on generative artificial intelligence to monitor risks that could reshape their clients’ accounting and to verify corporate revenues and assets values, the Big Four firm said on Monday.

The firm rolled out new capabilities to its 90,000-person global audit practice in June—enhancements that are intended to boost the quality of their work vetting the financial reporting of some of the largest companies in the world, including Visa Inc. and Rio Tinto.

KPMG is leaning into gen AI as auditors face mounting scrutiny from regulators and investors, who expect them to not just spot accounting errors ...