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Amid the rapid advancement of information technology, generative AI has emerged as a pivotal force in transforming the accounting industry. This paper examines the opportunities that generative AI, exemplified by ChatGPT, brings to the field. These opportunities include streamlining workflow automation, enhancing review efficiency, and supporting scientific research. Additionally, the paper addresses several challenges, such as the authenticity and usability of generated data, privacy and security concerns surrounding accounting information, and the shortage of technical expertise. To tackle these challenges, the author suggests fostering critical thinking and awareness, enhancing the training and development of AI models tailored to accounting, strengthening data and privacy protection measures, and promoting relevant training for accounting professionals. This study bridges the research gap in the application of ChatGPT within the accounting industry and holds practical significance in advancing technological innovation and high-quality development in China's accounting sector.
Yang Liu (Thu,) studied this question.