AI & Blockchain: Impact on Accounting and Auditing
Download and critically analyse an academic article written by Daniel Hood (2018) on the impact of technology on the accounting profession.
7 Pages2028 Words324 Views
Added on 2023-06-12
About This Document
This article explores the impact of AI and Blockchain on accounting and auditing. It discusses how these technologies can improve efficiency, security, and accuracy in financial reporting. The use of AI can help accountants interpret unstructured data, while Blockchain technology can store information securely and make it easy to audit. Automation is another technology that has a positive impact on the field of accounting, leading to productivity and cost-effectiveness. The article concludes by emphasizing the need for accountants to remain updated and embrace new technologies.
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