The Rise of Artificial Intelligence: An Analysis on the Future of Accountancy

The concern for the replacement of accountants with an artificial intelligence system is a current and pressing issue. As new certified public accountants enter the field, they must adapt to the rapid changes and innovations of today. This thesis will exam ine and analyze how the accounting industry has been impacted by artificial intelligence, as well as potential threats to new hires. Ultimately, accountants should not fear replacement, but rather must tailor their abilities to the newest technologies. Ove rall, artificial intelligence will add value to the accounting industry, as certified public accountants can shift their attention from monotonous tasks towards making more analytic and data - driven decisions