Key points are not available for this paper at this time.
Abstract Artificial intelligence (AI) is the necessary element to ensure that the most complex modern accounting rules are implemented correctly. This is particularly true when accounting interacts with increasingly sophisticated capital markets activities. The last 20 years' of accounting rulemaking and the dictates of regulators have ensured a need for AI. With user‐friendly AI solutions, reporting entities will not shy away from business practices because they fear they cannot account for them correctly. AI will remain an opportunity and challenge to the accounting profession.
Louis P. Le Guyader (Wed,) studied this question.