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Artificial Intelligence Partner Or Competitor For The Accountancy Profession?

Author

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  • Cirpian Apostol

    (Alexandru Ioan Cuza University of Iasi)

Abstract

Artificial intelligence is having a dramatic effect in all industries in a short time. Accounting is no exception and the question for many is whether artificial intelligence will replace those working in the profession in the near future. Automation of repetitive tasks, advanced data analytics, improved efficiency of the entire accounting process, assistance in compliance with ever-changing financial and tax regulations accompanied by possible job losses due to automation, the need to learn new skills to understand and use tools based on artificial intelligence, dependence on technology are realities of the current stage of practicing accountancy profession. If accounting professionals will quickly adapt to new technologies and learn how to work effectively with them, then we tend to believe that artificial intelligence will be a reliable partner, but, at the same time, there is also a possibility that some will not cope with the challenges of automation and changes in the structure of jobs, and for them, artificial intelligence is only a competitor. The study aims to capture the main challenges of the accounting profession imposed by the implementation of artificial intelligence, through a qualitative analysis of new trends in the accounting field, using data from various sources (media, literature, etc.). The results of the research are to present the necessary information to contribute to the academic debate and to be able to reach a conclusion on how the implementation of artificial intelligence will change the future of the accounting profession.

Suggested Citation

  • Cirpian Apostol, 2025. "Artificial Intelligence Partner Or Competitor For The Accountancy Profession?," EUFIRE Conference Proceedings Series, Alexandru Ioan Cuza University Publisher, vol. 1(1), pages 37-44, October.
    • Handle: RePEc:cxa:eu2025:v:1:y:2025:i:1:p:37-44
    DOI: 10.47743/eufire-2025-1-3
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    References listed on IDEAS

    as
    1. Suleiman Jamal Mohammad & Amneh Khamees Hamad & Hela Borgi & Phung Anh Thu & Muhammad Safdar Sial & Ali Abdallah Alhadidi, 2020. "How Artificial Intelligence Changes the Future of Accounting Industry," International Journal of Economics & Business Administration (IJEBA), International Journal of Economics & Business Administration (IJEBA), vol. 0(3), pages 478-488.
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    More about this item

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    JEL classification:

    • M40 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - General
    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting
    • M49 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Other

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