Even as finance teams increasingly adopt artificial intelligence (AI) to improve business decision-making, 93 per cent of finance professionals remain concerned about the integrity and verifiability of AI-generated insights, according to a joint report by ACCA (the Association of Chartered Certified Accountants) and Chartered Accountants Australia and New Zealand (CA ANZ).

The report titled - "Enabling Finance Insight: Bridging Skills and Data Gaps for AI-enabled Finance", based on a global survey of 1,600 finance professionals, said concerns stem from issues such as AI hallucinations, inaccuracies, incomplete datasets, lack of transparency and bias, highlighting the need for stronger governance and upskilling as AI adoption gathers pace.