The Impact of AI on Accounting

What is the role of accountants?

• Managing financial records

• Developing AI systems

• Performing data entry

• Providing legal advice

What tasks can AI automate in accounting?

• Data entry and account reconciliation

• Auditing financial statements

• Providing expert advice

• Interpreting financial data

According to the American Institute of CPAs, what percentage of accountants believe their jobs will be completely replaced by AI?

• 4%

• 25%

• 50%

• 100%

What value do accountants bring to the table that AI lacks?

• Expertise, experience, and judgment

• Faster and more accurate performance

• Ability to make informed decisions

• Technical knowledge of accounting

What is the current stage of AI development?

• Early stages

• Advanced stages

• Fully developed

• Not applicable

What role will accountants play in managing AI systems?

• Manage and maintain the AI systems

• Develop new AI technologies

• Replace AI in decision making

• Provide personal tax planning

What aspect of accounting requires the human touch and empathy?

• Personal tax planning

• Data entry and reconciliation

• Auditing financial statements

• Interpreting financial data

What do human accountants provide in the case of auditing?

• Independent assessment of financial statements

• Automated financial analysis

• AI-powered decision making

• Assurance to stakeholders

Will AI completely replace accountants in the future?

• No

• Yes

• Maybe

• Not enough information

How will AI impact the work of accountants?

• Augment their work and make it more efficient

• Replace their work completely

• Make their work more challenging

• Not have any impact