The Role of Artificial Intelligence in the Development of Accounting Systems: A Review

Syed Moudud Ul Huq

The IUP Journal of Accounting Research and Audit Practices, 2014, vol. XIII, issue 2, 7-19

Abstract: Artificial Intelligence (AI) is one of the most advanced technologies in the world. This paper attempts to demonstrate how AI is helping in the development of accounting system as per Perrow’s sociological framework as a basis for comparative organizational analysis of the impact of expert systems on organizational issues. The study analyzes the relative impact of AI on two different types of accounting works—auditing and tax. Accounting tasks involve a wide range of structured, semi-structured and unstructured decisions. The heart of auditing and assurance involves the less-structured decisions and analyses that include much uncertainty caused by risks and lack of information. The discussion indicates an impact on factors that ultimately improve productivity. In aggregate, it indicates that expert systems are found to allow the user substantial control of search for solutions and discretion on whether to follow system recommendations, increased access to top management, and a decrease in the need for supervision.

Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:icf:icfjar:v:13:y:2014:i:2:p:7-19

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