Artificial Intelligence (AI) is transforming financial reporting by enhancing accuracy and timeliness. This review explores how AI technologies such as machine learning, natural language processing, and predictive analytics are reshaping traditional financial reporting processes. AI enables organizations to automate routine tasks, analyze vast volumes of financial data, and extract valuable insights with unprecedented speed and accuracy. By leveraging AI, organizations can streamline data collection, validation, and analysis, reducing manual errors and improving the overall quality of financial reports. AI's ability to identify patterns and anomalies in financial data helps detect irregularities, flag potential risks, and enhance fraud detection capabilities, thereby improving the integrity and reliability of financial reports. AI also plays a crucial role in enhancing the timeliness of financial reporting. By automating time-consuming tasks such as data entry, reconciliation, and financial statement preparation, AI enables organizations to expedite the reporting process and deliver financial information to stakeholders in a more timely manner. This not only meets regulatory deadlines but also allows stakeholders to make informed decisions based on up-to-date financial information. AI facilitates real-time monitoring of financial performance metrics, enabling organizations to proactively identify emerging trends, risks, and opportunities. Predictive analytics algorithms can forecast future financial outcomes, enabling organizations to anticipate market changes and adjust their strategies accordingly, thereby enhancing agility and responsiveness in financial reporting. The integration of AI technologies is transforming financial reporting practices, enhancing both accuracy and timeliness. By automating routine tasks, analyzing vast datasets, and providing valuable insights, AI enables organizations to produce high-quality financial reports that meet the needs of stakeholders in a dynamic and rapidly evolving business environment. As AI continues to evolve, its role in financial reporting will only become more prominent, driving efficiency, transparency, and accountability across the financial reporting ecosystem.Artificial Intelligence (AI) is transforming financial reporting by enhancing accuracy and timeliness. This review explores how AI technologies such as machine learning, natural language processing, and predictive analytics are reshaping traditional financial reporting processes. AI enables organizations to automate routine tasks, analyze vast volumes of financial data, and extract valuable insights with unprecedented speed and accuracy. By leveraging AI, organizations can streamline data collection, validation, and analysis, reducing manual errors and improving the overall quality of financial reports. AI's ability to identify patterns and anomalies in financial data helps detect irregularities, flag potential risks, and enhance fraud detection capabilities, thereby improving the integrity and reliability of financial reports. AI also plays a crucial role in enhancing the timeliness of financial reporting. By automating time-consuming tasks such as data entry, reconciliation, and financial statement preparation, AI enables organizations to expedite the reporting process and deliver financial information to stakeholders in a more timely manner. This not only meets regulatory deadlines but also allows stakeholders to make informed decisions based on up-to-date financial information. AI facilitates real-time monitoring of financial performance metrics, enabling organizations to proactively identify emerging trends, risks, and opportunities. Predictive analytics algorithms can forecast future financial outcomes, enabling organizations to anticipate market changes and adjust their strategies accordingly, thereby enhancing agility and responsiveness in financial reporting. The integration of AI technologies is transforming financial reporting practices, enhancing both accuracy and timeliness. By automating routine tasks, analyzing vast datasets, and providing valuable insights, AI enables organizations to produce high-quality financial reports that meet the needs of stakeholders in a dynamic and rapidly evolving business environment. As AI continues to evolve, its role in financial reporting will only become more prominent, driving efficiency, transparency, and accountability across the financial reporting ecosystem.