Automating Compliance Audits: Microsoft AI’s Role in Regulatory Reporting

Abstract: AI-based regulatory compliance is transforming industries in the best way possible by giving it a boost in adhering to legal frameworks in a very more robotic and efficient manner. This paper discusses emerging trends, applications in banking, healthcare and finance, and challenges in the form of ethical concerns as well as governance issues. Based on recent research, it makes arguments related to the European AI Act, the way that explainability in general and in relation to AI-driven compliance is increasingly important. Innovations that are promised for the future will be further enhancements of transparency, reduced risk, and more refined regulatory oversight.

Keywords: Microsoft, Audit, Reporting, Regulatory