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An analysis of Artificial Intelligence in Accounting and Auditing (Toward New Paradigms)

Publish Year: 1403
Type: Conference paper
Language: English
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HUCONF04_128

Index date: 6 August 2024

An analysis of Artificial Intelligence in Accounting and Auditing (Toward New Paradigms) abstract

Artificial intelligence is one of the newest and most influential technologies in the field of computer science, which allows computers to have the ability to learn, evaluate, solve problems, and make decisions. The most important thing that AI does is that it has the ability to make independent decisions. This is despite the fact that until now, software and robots could only make decisions and act based on the information that a human gave them. A robot or software designed based on artificial intelligence provides data needed for decision making from various sources. For example, part of this data is provided by humans, and another part is provided by the robot or software itself through other sources; For example, through information on the Internet. It can be said that the most important difference between artificial intelligence and previous systems is the ability of artificial intelligence to learn. In fact, artificial intelligence is not so dependent on humans, but based on the data that, for example, an accountant or financial manager gives it and the data that it collects, it can learn more over time and make more optimal decisions based on it. Considering that in the past years, the ability of robots and software based on artificial intelligence has multiplied many times in terms of the power of information processing and information storage, their ability to analyze and make decisions has also increased in a stunning way. Artificial intelligence is now used in many banks in the world to analyze the credit of customers and determine the terms of lending to them. The analysis that artificial intelligence performs on each customer is done by considering dozens and even hundreds of factors; Therefore, both the bank and the customer can use these services with more confidence than the credit system. In addition, bots that are equipped with artificial intelligence also act as an investment advisor for companies and people. Based on the strategy that a person sets for the robot, that robot can make purchases and sales at the right times. The future of accounting with the use of artificial intelligence (AI) is moving towards significant changes that have made this technology a defining element in this field. Artificial intelligence in accounting leads to various results, including reducing calculation errors, increasing accuracy and speed in data processing, and helping financial decisions. In this article, considering various factors and aspects of artificial intelligence and the needs of businesses, we will examine the future of accounting with artificial intelligence.

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An analysis of Artificial Intelligence in Accounting and Auditing (Toward New Paradigms) authors

Mitra Kalantar Kahdome

Master's degree in accounting, Islamic Azad University, Somesara branch, Gilan