Exploring the Impact of Artificial Intelligence on the Accounting Profession

Artificial intelligence is no longer the robots and computers of science fiction from Hollywood movies. The ideas of developing machines that can “learn” are centuries old. The capacities of the computers and software of today create and exhibit intelligence, but also bring with it concerns along with much promise. In the accounting field artificial intelligence has been taking on more and more tasks. Already, there is software that has automated many accounting, tax, bookkeeping, and auditing processes. If machines are assuming a greater role, where do we, the professionals strike a balance? What does the future of the accounting profession look like with the growth of artificial intelligence?