Impact of artificial intelligence on the accounting profession
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Date
2024
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University of Oum El Bouaghi
Abstract
This study explores the impact of Artificial Intelligence (AI) on the accounting profession in Algeria, focusing on its potential to enhance efficiency, accuracy, and decision-making processes. AI is revolutionizing traditional accounting practices by automating tasks such as data entry, financial analysis, and auditing, leading to significant time and cost savings. However, this transition poses challenges, including workforce displacement and the need for upskilling. The study emphasizes the importance of adapting regulatory frameworks and fostering continuous professional development to address these issues in Algeria’s context. Through the case studies, the research highlights how Algerian firms are adopting AI to enhance decision-making, reduce costs, and streamline operations. The findings suggest that AI adoption offers significant benefits, but requires careful management and workforce training to fully realize its potential in Algeria.
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Keywords
Artificial Intelligence; Accounting profession; Automation; Financial reporting; Algeria; Workforce transformation