Digital Solutions in Accounting and Corporate Reporting: Trends and AI Opportunities

Digital solutions are transforming accounting and control, altering human roles, enhancing company functions and data, and cultivating a new data-driven culture, all leading to greater operational efficiency. The signiffcance of this research lies in AI’s expanding role as a crucial technology for digital transformation in economic entities’ information systems. This study’s object focuses on accounting processes and corporate reporting within an entity’s information ecosystem. The study’s subject is the functional applications of digital solutions and AI in accounting and control. The aim is to obtain an objective answer: to what extent can the functions in accounting and the generation of reporting information performed by humans be effectively replaced by AI? The methodological framework of the study is based on the theoretical principles of economic science and applied research of leading domestic development companies and expert communities in AI, the target objectives of the national project “Data Economy and Digital Transformation of the State”, and the Main Directions for the Development of Financial Technologies for 2025–2027 and the Bank of Russia Report for 2025 regarding the application of artificial intelligence in the financial market, as well as the results of the authors’ research in searching for a model of a digital information business ecosystem within the paradigm of creating a data economy. The authors conducted an in-depth study and analysis of the digital transformation of accounting and control processes; options for the digital solutions used and areas of AI implementation in relation to information support for the activities of economic entities; stages of development of AI technology (types); current trends in using AI by financial market participants in the supported business processes and the AI used; the practice of using AI for corporate reporting. As a result , the research confirmed that domestic firms shifting to digital corporate reporting is vital, identifying key technologies and AI’s role. High variability in accounting solutions means that, according to the authors’ conclusion , current AI cannot replace human reasoning. Nevertheless, this technology can function as a powerful professional asset for generating pioneering accounting and control solutions by dissecting extensive data. The study’s practical importance is clear in the authors’ suggestions for advancing the data economy and executing the “Artificial Intelligence” federal project.