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The Impact Of Using Artificial Intelligence And Erp Systems In The Work Of Accounting Professionals And Auditors

Author

Listed:
  • Laura – Eugenia – Lavinia BARNA

    (Bucharest University of Economic Studies, University Assistant PhD and Post-PhD researcher in Management Informatics Department, Bucharest, Romania)

  • Corina – Cătălina HURDUCACI (GOREA)

    (Bucharest University of Economic Studies, PhD student, Doctoral School of Accounting, Bucharest, Romania)

Abstract

Recent developments in IT have changed the way accounting professionals and auditors do business. The research conducted in this article aims to explore how artificial intelligence and ERP systems offer opportunities to increase efficiency, accuracy and improve decision making in companies operating in the accounting and auditing industry. One of the results obtained from the bibliometric analysis indicates that artificial intelligence enables the automation of repetitive tasks, allowing the analysis of a large set of data to support strategic decision making. In addition, the integration of ERP systems streamlines financial processes, improves data management and ensures compliance with regulatory requirements. The digitalization of the accounting profession has transformed traditional practices and revolutionized the way accounting professionals operate in today’s digital age. By embracing digital tools and platforms, accounting professionals can enhance efficiency, accuracy, and collaboration, ultimately improving the quality of financial reporting and analysis. The role of these technologies (artificial intelligence and ERP systems) is to streamline workflows, increase productivity and adapt to evolving industry requirements. The research in this article was based on a bibliometric analysis that aimed to observe research trends in this field, through which to observe or identify uncovered areas and future research directions in this field. Following a comprehensive analysis of the benefits and challenges associated with the adoption of artificial intelligence and ERP systems in accounting and auditing practices, this study aims to provide valuable insights to these professionals as a result of the upward trend of the digitalization phenomenon. As a result of the digitisation of business, the article provides valuable information needed by accounting professionals and auditors to help them remain competitive in a rapidly changing landscape.

Suggested Citation

  • Laura – Eugenia – Lavinia BARNA & Corina – Cătălina HURDUCACI (GOREA), 2024. "The Impact Of Using Artificial Intelligence And Erp Systems In The Work Of Accounting Professionals And Auditors," Annals of Faculty of Economics, University of Oradea, Faculty of Economics, vol. 33(1), pages 246-258, July.
    • Handle: RePEc:ora:journl:v:33:y:2024:i:1:p:246-258
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    References listed on IDEAS

    as
    1. Hassan Damerji & Anwar Salimi, 2021. "Mediating effect of use perceptions on technology readiness and adoption of artificial intelligence in accounting," Accounting Education, Taylor & Francis Journals, vol. 30(2), pages 107-130, March.
    2. Ivy Munoko & Helen L. Brown-Liburd & Miklos Vasarhelyi, 2020. "The Ethical Implications of Using Artificial Intelligence in Auditing," Journal of Business Ethics, Springer, vol. 167(2), pages 209-234, November.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    artificial intelligence; ERP systems; accounting profession; sustainability;
    All these keywords.

    JEL classification:

    • B26 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Financial Economics
    • M40 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - General
    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting
    • M42 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Auditing

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