The Role of Artificial Intelligence (AI) in the Accounting and Auditing Professions

The fast growth of business, science, and technology has ushered in the age of artificial intelligence, which has had far-reaching effects in every sphere of human existence. This article explains how AI may be used to detect and prevent accounting fraud and enhance the reliability of financial statements. Accounting and auditing firms may benefit or suffer from the advancement and use of artificial intelligence (AI). This article explains how AI can be used to reduce accounting fraud and boost the credibility of financial statements. The use of AI in these fields is not without its merits and drawbacks. Change is inevitable, and the accounting and auditing industry will undergo significant change in the near future. The report concludes by stressing the importance, in the broader context of AI, of accounting staff members developing their own expertise and proficiency. This research highlights the possible impacts of artificial intelligence (AI) on the accounting industry and the steps that need to be taken to prepare for a workforce in the future where AI plays a larger role.