Proceedings of the 2022 International Conference on Artificial Intelligence, Internet and Digital Economy (ICAID 2022)

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The Role of Artificial Intelligence in the Accounting Industry

Authors
Huiquan Jin1, Lei Jin1, 2, Chongxiao Qu1, 2, Wei Xiao1, 2, Changjun Fan1, 2, *
1Cethik Group Co. Ltd., No. 9, Wenfu Road, Hangzhou, 311100, China
2The 52nd Research Institution of China Electronic Technology Group Corporation, No. 9, Wenfu Road, Hangzhou, 311100, China
*Corresponding author. Email: fanchangjun@cetc.com.cn
Corresponding Author
Changjun Fan
Available Online 2 December 2022.
DOI
10.2991/978-94-6463-010-7_26How to use a DOI?
Keywords
Accounting Industry; Artificial Intelligence; Employment; Accountant; Transformation and Development
Abstract

Until now, China’s financial accounting has experienced three stages, manual accounting, accounting computerization, and intelligent accounting. Recently, with the development of artificial intelligence (AI), various kinds of intelligent financial software and tools are introduced into the accounting industry, such as Deloitte financial robot and AlphaSense. Based on AI technology, they automate tedious and repetitive work, greatly improving the efficiency of financial work. However, AI also has a few downsides, for example, it will lead to rising unemployment and cause panic among financial practitioners. In this study, we explore the evolution of the accounting industry following the AI technological developments, analyze the role of AI in the accounting industry, assess the advantages and disadvantages AI introduced into the industry, and provide suggestions for future transformation and development of the accounting industry and its practitioners.

Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 2022 International Conference on Artificial Intelligence, Internet and Digital Economy (ICAID 2022)
Series
Atlantis Highlights in Intelligent Systems
Publication Date
2 December 2022
ISBN
10.2991/978-94-6463-010-7_26
ISSN
2589-4919
DOI
10.2991/978-94-6463-010-7_26How to use a DOI?
Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Huiquan Jin
AU  - Lei Jin
AU  - Chongxiao Qu
AU  - Wei Xiao
AU  - Changjun Fan
PY  - 2022
DA  - 2022/12/02
TI  - The Role of Artificial Intelligence in the Accounting Industry
BT  - Proceedings of the 2022 International Conference on Artificial Intelligence, Internet and Digital Economy (ICAID 2022)
PB  - Atlantis Press
SP  - 248
EP  - 257
SN  - 2589-4919
UR  - https://doi.org/10.2991/978-94-6463-010-7_26
DO  - 10.2991/978-94-6463-010-7_26
ID  - Jin2022
ER  -