AI in Accounting: Threat or Thrill? Navigating the New Digital Frontier

Summary

This study explores how artificial intelligence (AI) is rapidly reshaping accounting and auditing. It focuses on three major AI applications: narrow AI for repetitive tasks, generative AI for creating text-based content, and predictive modeling for estimating future risks. The authors examine both the opportunities and significant risks AI introduces—especially regarding data governance, regulatory challenges, professional judgment, and the future of workforce skills.