Ethical impact of artificial intelligence in managerial accounting

Chao Zhang, Weidong Zhu, Jun Dai, Yong Wu and Xulong Chen

International Journal of Accounting Information Systems, 2023, vol. 49, issue C

Abstract: Recent advances in technology have accelerated digitalization and intelligence in modern business. Particularly, the increasing use of Artificial Intelligence (AI) in managerial accounting is expected to accurately measure corporate performance, provide intelligent analyses, and predict the future of a company. However, along with the benefits, ethical concerns of using AI also arise, such as deprofessionalization, data breach, and isolation among accountants. This paper explores the ethical impact of AI in managerial accounting at both pre- and post-adoption stages. Based on 47 interviews conducted with companies, an AI system vendor, and regulators, we found that data security, privacy, and misuse; accountability; accessibility; benefits and challenges; and transparency and trust of AI are among the most common ethical risks in the development and use of AI in managerial accounting. Unique ethical impacts on four types of stakeholders: developers, managers in charge of AI adoption, managerial accountants, and regulators, were also discovered.

Keywords: Artificial intelligence; AI; Managerial accounting; Ethical impact; Ethics (search for similar items in EconPapers)
Date: 2023
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Citations: View citations in EconPapers (4)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ijoais:v:49:y:2023:i:c:s1467089523000118

DOI: 10.1016/j.accinf.2023.100619

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