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Does Artificial Intelligence Represent a Threat to the Accounting Profession?

Author

Listed:
  • Veledar Benina

    (University of Sarajevo, School of Economics and Business Sarajevo)

  • Bašić Meliha

    (University of Sarajevo, School of Economics and Business Sarajevo)

  • Demirović Lejla

    (University of Sarajevo, School of Economics and Business Sarajevo)

  • Beširević Esma

    (Master in Accounting and Auditing, University of Sarajevo, School of Economics and Business Sarajevo)

Abstract

This paper investigates the impact of artificial intelligence (hereinafter AI) on the accounting profession, emphasizing the need to adapt educational programs and business practices due to the emergence and development of AI technologies. A qualitative method with the help of a semi-structured interview was used to collect primary data. The participants were professionals in the accounting and information technology field who have the relevant knowledge and experience to consider this topic. The research aimed to discover the main problems that may arise when implementing artificial intelligence in the accounting profession, to determine how AI technologies affect the quality of financial reports, and whether education reform in accounting is needed due to the emergence of AI technologies. The results of the conducted research showed that AI technology will find its application in the accounting profession, that the quality of the financial report generated based on AI technology depends on the quality of the entered data, i.e. that the control function of accountants is of crucial importance, and that it is necessary to reform curricula in the context of exploiting the benefits of AI technologies.

Suggested Citation

  • Veledar Benina & Bašić Meliha & Demirović Lejla & Beširević Esma, 2024. "Does Artificial Intelligence Represent a Threat to the Accounting Profession?," Journal of Forensic Accounting Profession, Sciendo, vol. 4(2), pages 67-85.
    • Handle: RePEc:vrs:jfaccp:v:4:y:2024:i:2:p:67-85:n:1005
    DOI: 10.2478/jfap-2024-0010
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    References listed on IDEAS

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    1. Gulin, Danimir & Hladika, Mirjana & Valenta, Ivana, 2019. "Digitalization and the Challenges for the Accounting Profession," Proceedings of the ENTRENOVA - ENTerprise REsearch InNOVAtion Conference (2019), Rovinj, Croatia, in: Proceedings of the ENTRENOVA - ENTerprise REsearch InNOVAtion Conference, Rovinj, Croatia, 12-14 September 2019, pages 502-511, IRENET - Society for Advancing Innovation and Research in Economy, Zagreb.
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