mlsanityData to 13 Oct 2026

A Scoping Review of ChatGPT Research in Accounting and Finance

arXiv 2412.05731 ↗First posted 7 Dec 2024q-fin.GN cs.AI cs.CEcited by 6

Not on the map. Why?

Abstract (arXiv)

This paper provides a review of recent publications and working papers on ChatGPT and related Large Language Models (LLMs) in accounting and finance. The aim is to understand the current state of research in these two areas and identify potential research opportunities for future inquiry. We identify three common themes from these earlier studies. The first theme focuses on applications of ChatGPT and LLMs in various fields of accounting and finance. The second theme utilizes ChatGPT and LLMs as a new research tool by leveraging their capabilities such as classification, summarization, and text generation. The third theme investigates implications of LLM adoption for accounting and finance professionals, as well as for various organizations and sectors. While these earlier studies provide valuable insights, they leave many important questions unanswered or partially addressed. We propose venues for further exploration and provide technical guidance for researchers seeking to employ ChatGPT and related LLMs as a tool for their research.

Key facts. Cited by 6 papers in the map (data through 13 Oct 2026). Builds on 23 of its 164 references that are in the map. First posted on arXiv 7 Dec 2024.

Builds on

23 of 164 references.

References · 23

  1. 2017Attention Is All You Needcited by 60,106
  2. 2020Language Models are Few-Shot Learnerscited by 32,320
  3. 2020Measuring Massive Multitask Language Understandingcited by 7,876
  4. 2023A Survey of Large Language Modelscited by 2,559
  5. 2023BloombergGPT: A Large Language Model for Financecited by 932
  6. 2023ChatGPT Outperforms Crowd-Workers for Text-Annotation Taskscited by 857
  7. 2021Recent Advances in Natural Language Processing via Large Pre-Trained Language Models: A Surveycited by 461
  8. 2023FinGPT: Open-Source Financial Large Language Modelscited by 250
  9. 2023Large Language Models in Finance: A Surveycited by 226
  10. 2023Can ChatGPT Forecast Stock Price Movements? Return Predictability and Large Language Modelscited by 127
  11. 2023Instruct-FinGPT: Financial Sentiment Analysis by Instruction Tuning of General-Purpose Large Language Modelscited by 58
  12. 2023ChatGPT Informed Graph Neural Network for Stock Movement Predictioncited by 41
11 more
  1. 2023Assessing Look-Ahead Bias in Stock Return Predictions Generated By GPT Sentiment Analysiscited by 30
  2. 2023CHATREPORT: Democratizing Sustainability Disclosure Analysis through LLM-based Toolscited by 29
  3. 2023GPT as Knowledge Worker: A Zero-Shot Evaluation of (AI)CPA Capabilitiescited by 22
  4. 2023GPT-InvestAR: Enhancing Stock Investment Strategies through Annual Report Analysis with Large Language Modelscited by 12
  5. 2023Bloated Disclosures: Can ChatGPT Help Investors Process Information?cited by 9
  6. 2023ChatGPT-based Investment Portfolio Selectioncited by 8
  7. 2023"Generate" the Future of Work through AI: Empirical Evidence from Online Labor Marketscited by 7
  8. 2023GPT has become financially literate: Insights from financial literacy tests of GPT and a preliminary test of how people use it as a source of advicecited by 7
  9. 2023Predictive Patentomics: Forecasting Innovation Success and Valuation with ChatGPTcited by 3
  10. 2023From Transcripts to Insights: Uncovering Corporate Risks Using Generative AIcited by 3
  11. 2023ChatGPT and the Labor Market: Unraveling the Effect of AI Discussions on Students' Earnings Expectationscited by 1

Built on by

Cited by year (2026 to 13 Oct)

Citing papers per year: 2025: 5; 2026: 1.

6 papers.

  1. 2026SoK: Security of Autonomous LLM Agents in Agentic Commercecited by 8
  2. 2025Bridging Language Models and Financial Analysiscited by 4
  3. 2025Advancing Financial Engineering with Foundation Models: Progress, Applications, and Challengescited by 4
  4. 2025RelationalFactQA: A Benchmark for Evaluating Tabular Fact Retrieval from Large Language Modelscited by 0
  5. 2025Charting the Future of Scholarly Knowledge with AI: A Community Perspectivecited by 0
  6. 2025Artificial Intelligence and Accounting Research: A Framework and Agendacited by 0