The Impact of Artificial Intelligence on the Accounting Industry

Abstract

Nowadays, artificial intelligence (AI) has penetrated into all walks of life and has a great impact on them.It brings certain opportunities and challenges to various fields, and the accounting industry is no exception.AI technology is like a double-edged sword.On one hand, it is conducive to the development of the accounting industry and brings certain opportunities for it.On the other hand, it is a major challenge for the accounting industry, which leads to adverse consequences, such as unemployed accountants and financial data leakage.In this paper, we probe into the impact of AI on the accounting industry, and provide strategies and suggestions to promote the better development of the accounting industry.