ARTIFICIAL INTELLIGENCE IN THE ACCOUNTING PROFESSION

Development in technology has enhanced various mediums of carrying out activities efficiently and effectively. The information technology in the accounting sector has broadly influenced its transactions and activities not only from being paper work and clerical balancing of transactions, but to electronically and perform various accounting functions within the diverse sectors of the accounting practice. Accounting, classified as an information system has in our world today aligned with information technologies to broaden its performance capability. As information providers, accountants need to improve the effectiveness and productivity of their tasks and operations. Technological changes occur over time and it has made accounting activities and tasks easier. Accounting profession has changed by the evolution of accounting software, information technologies and the recent developments in artificial intelligence. Accounting practice is not the only beneficiary from the use of information technology, students, bodies and administrates under accounting have been effectively impacted with strength in digital systems, understanding of information systems and technology and its application in accounting education. Students will improve their understanding of and practical ability to use technology and apply it to accounting profession