Role of Artificial Intelligence in Modern Accounting Practices

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Analysis reveals how AI-driven automation improves financial reporting in accounting, suggesting enhanced efficiency.

AI enhances financial reporting accuracy and efficiency, and reduces human error in accounting processes.
Key technologies include robotic process automation and machine learning, improving strategic decision-making and compliance operations.
This analysis focuses on AI's advantages and challenges within the Industry 4.0 framework in accounting practices.
AI's integration shifts accountants from data entry roles to strategic consultants, emphasizing the need for skill development.

Darshana Kundhadia (2025) studied this question.

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