ARTIFICIAL INTELLIGENCE: A PATHWAY FOR THE ACCOUNTING PROFESSION

Information provision is the hallmark of accounting and the complexities tied to businesses and practices of accounting is posing a threat to quality of accounting information, hence the idea of artificial intelligence in handling accounting problems. With evolution in business idea and accounting practices, artificial intelligence (AI) provides a platform for accountant to be pro-active in providing financial information. Machine learning, neural network, robotic technology and fuzzy logics are some of the commonest AI technology that enhances the machine to act like human with a view to executing task with accuracy and relative ease. This study is basically a review of prior works in connecting the nexus between artificial intelligence and the various field of accounting. The field reviewed were auditing, taxation, management accounting, public sector accounting, and financial accounting. Literature showed that, artificial intelligence is imperative for effective information provision because of its speed and accuracy but, it comes at a huge cost which made many organizations to avoid the application of AI enabled devices in financial reporting.