Exploring the Impact of Artificial Intelligence on the Accounting Profession

  • Cindy Greenman Embry-Riddle Aeronautical University
Keywords: Accounting, Auditing, Artificial Intelligence, Expert Systems, Machine Learning, Knowledge Based Systems, Cognitive Systems.

Abstract

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? 

Downloads

Download data is not yet available.

Author Biography

Cindy Greenman, Embry-Riddle Aeronautical University

Associate Professor of Accounting

Chair of Forensic Accounting and Fraud Examination Program

References

Griffin, O. (October, 2016). How artificial intelligence will impact accounting. Economia.

AI Topics. (2016). Brief History of Artificial Intelligence. http://aitopics.org/topic/brief-histories-timelines.

Graetz, G and Michaels, G. (2015). Estimating the impact of robots on productivity and employment. Center for Economic Performance. http://cep.lse.ac.uk/pubs/download/dp1335.pdf.

McCabe, S. (2014). CPA.com study gauges firms’ preparedness for the future. Accounting Tomorrow. http://www.accountingtoday.com/blogs/accounting-tomorrow/cpa-com-study-gauges-firms-readiness-for-the-future-73011-1.html

Jariwala, B. (2015). Exploring Artificial Intelligence & the Accountancy Profession: Opportunity, Threat, Both, Neither? International Federation of Accountants.

Poston, J. (2014). Can Software Really Replace Accountants?

Raphael, J. (2015). How Artificial Intelligence Can Boost Audit Quality. CFO.com

Pash, C. (2016). KPMG will soon be using artificial intelligence for audits in Australia. Business Insider.

Membership (2016). American Institute of Certified Public Accountants.

Best Jobs. (2016). US News and World Report. http://money.usnews.com/careers/best-jobs/rankings/bestbusiness-jobs.

[A Salary Guide Foresees a Cheery Future for Accounting and Finance Professionals. (2014). Accounting & Financial Women’s Alliance.

[Baldwin, A., Brown, C., & Trinkle, B. (2006). Opportunities for Artificial Intelligence Development in the Accounting Domain: The Case for Auditing.

Published
2017-03-17
How to Cite
Greenman, C. (2017). Exploring the Impact of Artificial Intelligence on the Accounting Profession. Journal of Research in Business, Economics and Management, 8(3), 1451-1454. Retrieved from http://www.scitecresearch.com/journals/index.php/jrbem/article/view/1063
Section
Articles