Future of accounting and auditing: Insights from Romania on artificial intelligence in financial reporting

Nermin Sharbek and Adriana Dutescu
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Nermin Sharbek: Bucharest University of Economic Studies
Adriana Dutescu: Bucharest University of Economic Studies

International Journal of Research in Business and Social Science (2147-4478), 2025, vol. 14, issue 7, 423-436

Abstract: This research highlights the perceptions of accountants and auditors in Romania, offering insights into how the use of Artificial Intelligence is impacting traditional financial reporting. This research addresses an important gap, respectively the lack of Artificial Intelligence in financial reporting in the Romanian context, as prior studies often focus on broader or economically advanced regions, such as more developed countries. The purpose of the study is to contribute to this emerging discussion, presented as a wide limitation of AI adoption in such a regulated sector. Insights were gathered through semi-structured interviews with pre-defined affirmations and open questions regarding the regulatory environment and how AI has been used to enhance financial reporting quality and accuracy but also how the regulatory environment limits the scope of AI. Additionally, a subset of international-level participants was interviewed for comparative purposes, enabling cross-border insights. Findings were further contextualized through the review of relevant literature to validate the comparative results by aligning them with perspectives with global trends. The key findings suggested companies often incorporate AI into their global strategies but fail to provide adequate training or support. Respondents also transparently communicated the lack of knowledge surrounding the subject given its benefits in the domain and lack of practical implications. Additionally, there is a clear need for a regulatory framework when applying AI in professions such as accounting. Key Words: Financial Reporting; Artificial Intelligence; Romania; IFRSs; Innovation

Date: 2025
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