In the digital age, Artificial Intelligence (AI) is transforming the accounting industry by automating processes, increasing accuracy and improving decision making. AI-powered technologies such as machine learning, robotic process automation (RPA) and AI audit tools are revolutionizing financial operations. However, this rapid adoption has raised concerns about job losses, ethical implications, and data security. This study aims to explore the benefits and challenges of AI in accounting, focusing on regulatory considerations and financial integrity. By analyzing academic literature and industry case studies, this study provides insight into how accountants are adapting to an AI-driven environment. The findings highlight the potential of AI to optimize efficiency, while also emphasizing the importance of ethical governance and human oversight. In addition, the thesis explores how AI can be responsibly integrated to ensure a safe, transparent and efficient financial environment. Ultimately, the study provides guidance for policymakers and professionals on the transition to AI-based accounting practices.
Cheng et al. (Thu,) studied this question.
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