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The Impact of Artificial Intelligence (AI) in Accounting Profession : A Concept Paper

Year: 2024

Type: article

Abstract: HRMARS - Artificial Intelligence is a machine system that is able to perform a cognitive function similar to human things such as learning, perceiving, reasoning and problems solving. It involves the application of algorithms and machine learning to give machines the ability to carry out operations that would typically require human intelligence, such as speech, image, and pattern recognition. The main issues of AI towards the accounting profession are quick adoption of AI technologies has the potential to threaten the foundational elements of accounting procedures and change accountants' roles. This paper explores the impacts of AI in the accounting profession. Three impacts are found which are technological, organisational and environmental. The practitioners need to be prepared and ready to implement AI in the accounting industry in order to sustain their career growth.

Source: International Journal of Academic Research in Business and Social Sciences

DOI: 10.6007/ijarbss/v14-i9/23019

Authors: Norhaslinda Daud, Muhammad Mirza Hakim Ishak, Muhammad Afiq Ahlami Zilkarnain, Rabiatul Adawiyah Rumaizi

Institutions: Universiti Teknologi MARA, Universiti Teknologi MARA System

Language: English

Topic: Robotic Process Automation Applications

Subfield: Industrial and Manufacturing Engineering

Field: Engineering

Domain: Physical Sciences

SDG: Decent work and economic growth

Open Access status: diamond

Funder: Universiti Teknologi MARA