The Impact of Applying Artificial Intelligence Technologies on the Quality of Financial Reports in Companies Listed on the Saudi Stock Market.

Abstract

The study aimed to demonstrate the impact of applying artificial intelligence technologies on the quality of financial reports in its dimensions (Fair representation, relevance, and timeliness) in companies listed on the Saudi market, which number (224) companies. The study population consisted of companies listed on the Saudi market. The researcher distributed (400) questionnaires to the study sample, which included accountants, IT department employees, department heads, and financial managers in companies listed on the Saudi market. The study reached several results, the most important of which are: There is a significant effect at a significance level of (0.05≥α) for applying artificial intelligence techniques on the quality of financial reports in its dimensions (Fair representation, relevance, and timeliness) in companies listed on the Saudi market. This result can be explained by the fact that companies listed on the Saudi market are interested in the continuous application of XI artificial intelligence techniques in order to innovate appropriate solutions to the problems that accountants may face while preparing financial reports, predicting potential risks, and providing mechanisms for some basics on how to deal with these risks. The study recommended the necessity of holding intensive training courses to master and master artificial intelligence techniques to prepare accurate financial statements that achieve quality and present them to the beneficiary parties, and to conduct more research on several variables that contribute to achieving the quality and efficiency of financial reports.