ARTIFICIAL INTELLIGENCE PARTNER OR COMPETITOR FOR THE ACCOUNTANCY PROFESSION?

Cirpian Apostol ()
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Cirpian Apostol: Alexandru Ioan Cuza University of Iasi

EUFIRE Conference Proceedings Series, 2025, vol. 1, issue 1, 37-44

Abstract: Artificial intelligence is having a dramatic effect in all industries in a short time. Accounting is no exception and the question for many is whether artificial intelligence will replace those working in the profession in the near future. Automation of repetitive tasks, advanced data analytics, improved efficiency of the entire accounting process, assistance in compliance with ever-changing financial and tax regulations accompanied by possible job losses due to automation, the need to learn new skills to understand and use tools based on artificial intelligence, dependence on technology are realities of the current stage of practicing accountancy profession. If accounting professionals will quickly adapt to new technologies and learn how to work effectively with them, then we tend to believe that artificial intelligence will be a reliable partner, but, at the same time, there is also a possibility that some will not cope with the challenges of automation and changes in the structure of jobs, and for them, artificial intelligence is only a competitor. The study aims to capture the main challenges of the accounting profession imposed by the implementation of artificial intelligence, through a qualitative analysis of new trends in the accounting field, using data from various sources (media, literature, etc.). The results of the research are to present the necessary information to contribute to the academic debate and to be able to reach a conclusion on how the implementation of artificial intelligence will change the future of the accounting profession.

Keywords: artificial intelligence; accounting; accountancy profession (search for similar items in EconPapers)
JEL-codes: M40 M41 M49 (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:cxa:eu2025:v:1:y:2025:i:1:p:37-44

DOI: 10.47743/eufire-2025-1-3

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