Evaluating the Utilization of Artificial Intelligence (AI) – Driven Systems in Implementing Philippine Financial Reporting Standard (PFRS) 15 on Revenue Recognition

Author(s)	Mr. Christian Aris Valix
Country	Philippines
Abstract	Applying Philippine Financial Reporting Standard (PFRS) 15 presented several challenges, including limited testing on whether Artificial Intelligence (AI) improves its implementation, a lack of Philippine data on PFRS 15 complexity, and the absence of variables linking AI and PFRS 15. This study evaluated whether respondents from selected Philippine auditing firms perceive AI as a valuable strategic resource in implementing PFRS 15. The study calculated the mean, standard deviation, and variance of survey responses and used PLS-SEM to explain relationships between AI-related and PFRS 15-related variables. Findings showed that respondents perceived low adoption of AI for PFRS 15 applications, but those with AI experience reported it was highly effective and that accuracy closely aligned with this effectiveness. The study recommended that auditing firms invest in staff training and AI technologies to enhance the implementation of PFRS 15.
Keywords	Philippine Financial Reporting Standard (PFRS) 15, Artificial Intelligence (AI) -Driven Systems on Revenue Recognition, Financial Reporting Accuracy, Data Validation, Predictive Analytics, Mitigating Risks
Field	Computer > Artificial Intelligence / Simulation / Virtual Reality
Published In	Volume 8, Issue 2, March-April 2026
Published On	2026-03-26
DOI	https://doi.org/10.36948/ijfmr.2026.v08i02.72530

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