Affiliation:
1. Clark Atlanta University, USA
2. New York University, USA
Abstract
This chapter addresses the ethical and social consequences of using AI and data analytics in accounting. It looks into the impact of contemporary innovations on corporate governance and emphasizes the value of moral judgment. Despite the fact that AI and data analytics have digitized and given insights into accounting, understanding their ethical and social effects is crucial. The chapter addresses the advantages and drawbacks of applying AI to accounting, including changes in management, societal repercussions, prejudice, privacy issues, openness, and accountability. It additionally takes into account how automation will affect jobs and the accounting sector. The chapter urges stakeholders to prioritize ethics and control possible risks by highlighting ethical awareness and responsible decision-making when integrating AI and data analytics.