AI-ASSISTED TAX AUTHORITIES: LEVERAGING LLM, NLP, AND ML FOR EFFICIENT TAX AUDIT REPORTING

Tax Auditing Artificial Intelligence (AI) Large Language Models (LLMs) Natural Language Processing (NLP) Machine Learning (ML)

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31 December 2024
31 December 2024

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Traditional compliance assessment is time-consuming and labour-intensive, hindering tax authorities' productivity. This paper explores how Artificial Intelligence (AI), specifically Large Language Models (LLMs), Natural Language Processing (NLP), and Machine Learning (ML), can revolutionize tax audit reporting. We demonstrate how these technologies can streamline data analysis, identify discrepancies, summarize documents, and even automate report generation, ultimately enhancing efficiency and accuracy for tax authorities’ compliance departments.