The advent of Artificial Intelligence (AI) has revolutionized numerous industries, and accounting is no exception. This paper explores how AI technologies are reshaping accounting practices by automating repetitive tasks, improving accuracy, enhancing decision-making, and reducing operational costs. The study delves into current applications of AI in accounting, such as audit automation, fraud detection, predictive analytics, and intelligent financial reporting. The paper also discusses the challenges of AI adoption, including data security, ethical concerns, and the need for upskilling the workforce. The findings suggest that while AI introduces transformative benefits, a balanced integration with human expertise remains essential for the future of accounting.
Simran Mehta (Tue,) studied this question.
Synapse has enriched 5 closely related papers on similar clinical questions. Consider them for comparative context: