Influence and Applications of AI in Accounting and Audit Practice

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Analysis reveals how AI enhances fraud detection and compliance in accounting, indicating a shift in skills required for professionals.

AI improves financial reporting and accuracy, allowing professionals to focus on strategic advising instead of transactional tasks.
Enhanced real-time fraud detection and anomaly identification through AI tools can transform audit processes significantly.
The shift to ongoing analytics from traditional sampling methods offers greater thoroughness in risk assessment in auditing.
Challenges such as ethical concerns and the need for new skills in data analytics pose dilemmas for AI adoption in accounting.

Nan Hu (2025) studied this question.

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