Artificial Intelligence (AI) and the Accounting Function—A Revisit and a New Perspective for Developing Framework

Abstract

ABSTRACT In this paper, we evaluate the current ability of the accounting function to accommodate the introduction of Artificial Intelligence (AI) in the organization. This topic has been widely discussed in the past with no substantive collective outcomes on the organization level across companies. In this paper, we revisit this controversial topic and provide a more substantive example for the introduction of AI into the financial accounting function of organizations in general. That is, we provide specific accounting tasks or recordings that can be delegated to AI. This could be used as a model for companies to form and structure their systems to accommodate AI as a starting point in their organizations.