-
January to March 2024 Article ID: NSS8467 Impact Factor:7.60 Cite Score:7661 Download: 122 DOI: https://doi.org/ View PDf
Artificial Intelligence Effects on Accounting: A Review
Mangi Lal Jain
Assistant Professor (Accountancy and Business Statistics) M.B.C. Government Girls College, Barmer (Raj.)
Abstract
: Artificial
intelligence is significantly influencing the whole economy, with impacts
ranging from major to significant. The increased use of artificial intelligence
in the accounting sector has sparked debates on the future of accounting firms.
This article explores the core principles of artificial intelligence in
accounting and examines many possible applications of these principles. This
research aims to analyse the perspectives of several reviewers to assess the
impact of artificial intelligence (AI) on the accounting industry. Significant
data processing and analysis skills will be essential to fulfil the demands of
the future corporate environment. Utilising artificial intelligence to improve
the skills of professionals like accountants is advisable. This study aims to
assess the pros and cons associated with the use of artificial intelligence
(AI) in the accounting sector. Although artificial intelligence will not fully
substitute accountants, the study's results indicate that it will affect the
obligations accountants are tasked with. To ensure people have the greatest
chances for success, they must have certain technical skills. This article
explores the significant influence of artificial intelligence (AI) on the
accounting industry and how it may enhance competitiveness in the job market
due to heightened rivalry.
Keywords: Artificial
Intelligence, Accounting, Auditing, Technology.