The Impact of Artificial Intelligence in the Accounting Profession

Abstract

The evolution of advanced technology across various industries has provided opportunities for improvement in how professionals carry out their jobs. Artificial Intelligence (AI) is a rapidly evolving technology that brings great convenience to life, but at the same time, some risks need to be assessed. This technical paper will discuss AI processes that are taking place in the current scenario at accounting firms and their impact on them. We discussed AI’s benefits to the Accounting and Auditing profession and its employees. This paper discussed AI’s risks and challenges to Accounting firms and their employees.

Topics & Concepts