Artificial Intelligence in Accounting

This paper provides the emergence of artificial intelligence (AI) in the domain of accounting fields. Accounting and auditing are undergoing a period of fundamental change thanks to the development and innovation in data analysis systems and the intervention of AI. Over the past 25 years, several AI technologies have been utilized to bring benefits to accounting. Among this period, AI application is continuing to trend upwards, and the types and varieties of use cases are also expanding, said David Schubmehl. [1] Considering dramatic changes and developments of AI technologies, this paper will reflect how associated requirements of accounting job candidates will be affected and provide a further discussion regarding how accounting graduates can adopt such changes. Some typical examples of Artificial Intelligence implementation by Big 4 accounting firms will also be included in this paper. The detailed analysis is critical in this report, but it will only be reviewed and summarized here. It will take consideration of accounting nature and some auditing problems and how the application of AI will affect in the accounting field. The discussion includes current accounting issues for which new AI development should be fruitful, particularly auditing and assurance.