IIARD International Institute of Academic Research and Development

Journal of Accounting and Financial Management (JAFM )

E-ISSN 2504-8856
P-ISSN 2695-2211
VOL. 7 NO. 2 2021

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Impact of Artificial Intelligence (AI) on Accountancy Profession

Emetaram, Ezenwa, Uchime, Helen Nkem

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Abstract

The purpose of this study is to examine the impact of artificial intelligence on the accounting profession. To achieve this purpose, research questions were raised, hypothesis was formulated and review of related literature was made. In order to gather the needed data for this study, a well structured questionnaire designed in likert 5 point scale was administered on the selected Finance and Accounts related organizations. The stated hypothesis was tested with the t-test. Finding revealed that Artificial Intelligence (AI) has positive impact on the accountancy profession. It was concluded that accountancy profession must embrace the use of artificial Intelligence (AI) and integrate it into maximizing professional output, other than feeling that it will take over the work of an accountant, if they must remain relevant in the business in the nearest future

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