This report discusses the impact of Artificial Intelligence and Blockchain on the accounting profession. It explores their potential use in the future, their application in accounting, and the extent to which they eliminate the need for accountants. The report also assesses other technologies that can have an impact on accounting. The conclusion highlights that AI and Blockchain have reframed the role of accountants, but they have also enhanced the level of risk and competencies required by accountants.

Critical Analysis

Critical analysis of an academic article on the impact of technology on the accounting profession, specifically AI and blockchain.

Learn about the impact of Artificial Intelligence and Blockchain on Accounting. Will they eliminate the need for accountants? Read more on Desklib.

Impact of AI and Blockchain on Accounting | Desklib

Impact of Artificial Intelligence and Blockchain on Accounting

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.

Hartpury University and Hartpury College

Data Science and Big Data

AI & Blockchain: Impact on Accounting and Auditing

This article discusses the impact of Artificial Intelligence and Blockchain on accounting. It explains how AI and Blockchain can benefit the accounting field and how they can be used to improve productivity and resource management. The article also discusses the security of the Blockchain system and how it can prevent manipulation of data. It concludes by stating that the development in technology has benefited accountants at large and that new and improved mechanisms can be used as a potent tool for the process of reporting.

Professional Development

Artificial Intelligence

Artificial Intelligence and Blockchain

Financial Accounting Theory and Practice

This article discusses the uses of artificial intelligence and blockchain in accounting, with examples of their implementation. It also evaluates the arguments made by the author and predicts the changes in financial reporting regulation due to technological advancements.

Finance

Artificial Intelligence and Blockchain in Accounting: Theory and Practice

Information Systems In Accounting

University of Wollongong

Iot ai and Blockchain in Accounting  Assignment  2022

Assignment

This article discusses the impact of information technology on auditing, including audit support systems, blockchain technology, and artificial intelligence. It also explores the benefits and drawbacks of each technology and their effects on the audit profession.

Application of Information Technology on Auditing

This article explores the impact of artificial intelligence and blockchain on accounting trends. It discusses the evolution of these technologies, their critical evaluation, and future prospects for accountants. The article also highlights other trending technologies in accounting, such as OCR.

Impact of Artificial Intelligence and Blockchain on Accounting

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AI & Blockchain: Impact on Accounting and Auditing

Artificial Intelligence and Blockchain

Artificial Intelligence and Blockchain in Accounting: Theory and Practice

Iot ai and Blockchain in Accounting Assignment 2022

Application of Information Technology on Auditing

Accounting Trends: Impact of Artificial Intelligence and Blockchain