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Embracing Change: The Integration of Technology and Artificial Intelligence in the Malaysian Accounting Industry

Author

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  • Mohd Fairuz Adnan

    (Faculty of Accountancy, Universiti Teknologi MARA, Cawangan Selangor, Kampus Puncak Alam, Selangor, Malaysia)

  • Siti Mariam Mansor

    (Faculty of Accountancy, Universiti Teknologi MARA, Cawangan Selangor, Kampus Puncak Alam, Selangor, Malaysia)

  • Nur Adibah Ilyana binti Bahanuddin

    (Faculty of Accountancy, Universiti Teknologi MARA, Cawangan Selangor, Kampus Puncak Alam, Selangor, Malaysia)

Abstract

The rapid advancements in technology and Artificial Intelligence (AI) are transforming the accounting field, making it imperative for accountants to enhance their expertise. To remain competitive in the evolving market, accounting professionals must adapt to emerging trends, embrace technological changes, and acquire new skills and competencies. Innovations such as automated data analysis, machine learning, and blockchain technology are revolutionizing traditional accounting processes by improving accuracy, efficiency, and decision-making. Additionally, AI enables real-time financial reporting and predictive analytics, allowing accountants to shift their focus from routine tasks to strategic roles that add greater value to organizations. This conceptual study utilizes a simple Systematic Literature Review (SLR) approach to investigate the factors driving accountants to adapt, with a particular focus on the impact of technological advancements and AI in the accounting field, such as (1) Enhanced Efficiency and Accuracy, (2) Deeper Financial Insights and (3) Futureproofing the Profession.

Suggested Citation

  • Mohd Fairuz Adnan & Siti Mariam Mansor & Nur Adibah Ilyana binti Bahanuddin, 2025. "Embracing Change: The Integration of Technology and Artificial Intelligence in the Malaysian Accounting Industry," International Journal of Research and Innovation in Social Science, International Journal of Research and Innovation in Social Science (IJRISS), vol. 9(1), pages 971-981, January.
    • Handle: RePEc:bcp:journl:v:9:y:2025:i:1:p:971-981
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    References listed on IDEAS

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    1. Susanne Leitner-Hanetseder & Othmar M. Lehner & Christoph Eisl & Carina Forstenlechner, 2021. "A profession in transition: actors, tasks and roles in AI-based accounting," Journal of Applied Accounting Research, Emerald Group Publishing Limited, vol. 22(3), pages 539-556, February.
    2. Han, Hongdan & Shiwakoti, Radha K. & Jarvis, Robin & Mordi, Chima & Botchie, David, 2023. "Accounting and auditing with blockchain technology and artificial Intelligence: A literature review," International Journal of Accounting Information Systems, Elsevier, vol. 48(C).
    3. Agrawal, Ajay & Gans, Joshua S. & Goldfarb, Avi, 2019. "Exploring the impact of artificial Intelligence: Prediction versus judgment," Information Economics and Policy, Elsevier, vol. 47(C), pages 1-6.
    4. Moll, Jodie & Yigitbasioglu, Ogan, 2019. "The role of internet-related technologies in shaping the work of accountants: New directions for accounting research," The British Accounting Review, Elsevier, vol. 51(6).
    5. 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.
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