Impact of Artificial Intelligence on the Accounting Profession

This study examined the impact of artificial intelligence on the accounting profession using KPMG Nigeria, Lagos Office, as a case study. The study specifically investigated the effect of artificial intelligence on accounting efficiency, its influence on the roles and responsibilities of accountants, and the challenges associated with its adoption. A descriptive survey research design was adopted, while primary data were collected through a structured questionnaire administered to staff of KPMG Nigeria. Fifty questionnaires were distributed, out of which forty-five were completed and returned, representing a response rate of 90 percent. The data collected were analysed using frequency tables, percentages, and the Chi-square statistical technique. The findings revealed that artificial intelligence significantly improves accounting efficiency, positively influences the roles and responsibilities of accountants, and presents implementation challenges such as high cost, technical skill requirements, and data security concerns. The study concluded that artificial intelligence has a significant impact on the accounting profession and recommended increased investment in staff training, digital infrastructure, and continuous technological innovation.