The Impact of Artificial Intelligence and Blockchain on the Accounting Profession

Zhang, Yingying; Xiong, Feng; Xie, Yi; Xuan, Fujun; Gu, Haifeng

doi:10.1109/access.2020.3000505

Cited by 173 publications

(112 citation statements)

References 53 publications

(72 reference statements)

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“…One of the examples of RPA applications in the accounting field is related to taxes. For example, after the creation of automation software, robots are configured to perform repetitive processes, such as sending applicative functions to a tax authority portal (Zhang et al, 2020). Therefore, the potential of RPA is both numerous and of considerable impact: rationalization of daily tasks, cost reduction, performance and productivity gains, but also improvements in human know-how within the company.…”

Section: Rpamentioning

confidence: 99%

“…However, with technological advances there was an expansion in its performance. AI used by professionals and organizations such as the Big Four, which have their own robots capable of automatically recognizing data, entering invoices and generating financial reports, as well as detecting fraudulent invoices and assisting with tax returns, reduced processing (Zhang et al, 2020).…”

Section: Artificial Intelligence (Ai)mentioning

confidence: 99%

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Accounting Professionals and Digital Maturity: insight from the reflections of digital transformation / Profissionais Contábeis e Maturidade Digital: insights sobre os reflexos da transformação digital

Aguiar¹,

Gouveia²,

Rodrigues³

2021

BJB

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The digital transformation has introduced new challenges and significant changes for society, intensified in this time of (post) pandemic (COVID-19). Among these challenges, the process of learning new technology by professionals, known as digital maturity, has taken on a critical role. It is a fact that digital maturity and digital transformation are not the same thing, but are intimately connected, as both are essential in the current business context.Despite the relevance of the matter, state of the art focuses, mainly, on building models to evaluate the digital maturity of organizations, reducing the prospect of impacts on the professionals. The goal of this research seeks firstly to evaluate studies on digital technology and their impacts on accounting. For this, bibliographical research was carried out based on Scopus and Science Direct examining the relevant publications on digital technology and accounting. Next, we analyzed the results found on the research conducted with accounting postgraduate students in order to understand their level of digital maturity regarding the technologies in evidence in the current market. The analyses revealed that, despite the impact, accounting professionals are still quite unaware of or have limited knowledge about these technologies and consequently the reflexes on their profession.

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Section: Rpamentioning

confidence: 99%

Section: Artificial Intelligence (Ai)mentioning

confidence: 99%

Accounting Professionals and Digital Maturity: insight from the reflections of digital transformation / Profissionais Contábeis e Maturidade Digital: insights sobre os reflexos da transformação digital

Aguiar¹,

Gouveia²,

Rodrigues³

2021

BJB

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“…Recent developments in technology have brought dramatic changes to the practice of the accounting profession. They are expected to increase their technological knowledge by accounting professionals [15]. The same trends can be expected in the financial administration professions.…”

Section: Digital Communication Strategies In the International Contexmentioning

confidence: 79%

Digitalization of tax administration communication under the effect of global megatrends of the digital age

Ihnatišinová

2021

SHS Web of Conf.

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Research background: Digitalization of tax administration communication means the creation of paperless communication between the tax subject and the tax administration. Artificial intelligence technology creates new digital communication channels and contribute to more efficient paperless tax administration. The global trend of the digital age are digital assistants, chatbots, voicebots, respectively process automation. The growing investments in new information technologies is mainly due to the simplification of tax registration and payment, an automation of data analysis and the improvement of communication between tax subjects and tax administrations. Purpose of the article: The aim of the article is to evaluate the impact of global megatrends of the digital age, specifically the automation of processes on changes in the communication channels of tax administration. Methods: As a research method, it is used a mix of methods combining quantitative and qualitative analysis. Specifically, the analysis of the development and current state of digital communication strategies implemented within OECD countries, comparison of digital communication methods in Slovakia and the OECD and analysis of the use artificial intelligence as a new information technology in the tax administration communication environment. Findings & Value added: The main findings have allowed us to highlight the global trends in terms of automation as well as new practical directions of using digital interaction in real time. The recommendation for Slovakia is the transformation to new digital technologies in communication in the tax administration, it is investing in modern technologies, especially artificial intelligence, and at the same time challenging the development of digital skills of tax administration employees in this area.

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“…The BIG Four accounting firm revealed two general trends in the use of AI technology, the first is that many accounting professions are investing in AI and its integration into the core business, and the second is that AI is a key success factor in future accounting (Zhang et al, 2020). Artificial intelligence systems that have been used for calculation and data analysis by audits and companies will change the accounting system and automate accounting and the work of accounting personnel will shift from performing accounting tasks to more creative managerial functions (Osmyatchenko et al, 2019).…”

Section: Internet Ofmentioning

confidence: 99%

The Future Of Accounting Profession in The Industrial Revolution 4.0: Meta-Synthesis Analysis

Rosi

Mahyuni

2021

E-Jurnal Akuntansi

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Various appearances of applied technology, such as Artificial Intelligence (AI), Internet of Things (IoT), and Big Data are all Industrial Revolution 4.0 characteristics that can change the business model. This research aims to explore how the advancement of Industrial Revolution 4.0 technology might disrupt the accounting profession. This research applied meta-synthesis method. The results of this study illustrated that the importance of development in the accounting sector is to keep pace with technological advances in industry 4.0. This must be balanced with the development of knowledge in the field of accounting so that all types of development can be carried out as well as possible. The findings showed that the appearance of various kinds new technology had a very significant impact in the development of the accounting profession. Further research should be able to discuss the Industrial Revolution 4.0 impact in more depth and can be linked to other accounting professions, such as internal auditors. Keywords: Accounting Profession; Industrial Revolution 4.0; Technology.

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The Impact of Artificial Intelligence and Blockchain on the Accounting Profession

Cited by 173 publications

References 53 publications

Accounting Professionals and Digital Maturity: insight from the reflections of digital transformation / Profissionais Contábeis e Maturidade Digital: insights sobre os reflexos da transformação digital

Accounting Professionals and Digital Maturity: insight from the reflections of digital transformation / Profissionais Contábeis e Maturidade Digital: insights sobre os reflexos da transformação digital

Digitalization of tax administration communication under the effect of global megatrends of the digital age

The Future Of Accounting Profession in The Industrial Revolution 4.0: Meta-Synthesis Analysis

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