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The Role of Artificial Intelligence in The Development of Accounting Systems: A Review

The document discusses how artificial intelligence is helping develop accounting systems. It analyzes the impact of AI on auditing and tax accounting work. While accounting involves structured and unstructured decisions, auditing relies more on unstructured decisions and analysis under uncertainty. The discussion indicates AI improves productivity and allows more user control and discretion while decreasing supervision needs.

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864 views2 pages

The Role of Artificial Intelligence in The Development of Accounting Systems: A Review

The document discusses how artificial intelligence is helping develop accounting systems. It analyzes the impact of AI on auditing and tax accounting work. While accounting involves structured and unstructured decisions, auditing relies more on unstructured decisions and analysis under uncertainty. The discussion indicates AI improves productivity and allows more user control and discretion while decreasing supervision needs.

Uploaded by

Ria Gayle
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© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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The Role of Artificial Intelligence in the Development of Accounting Systems:


A Review

Article · April 2014

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1 author:

Syed Moudud-Ul-Huq
Mawlana Bhashani Science and Technology University
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The Role of Artificial Intelligence
in the Development of Accounting
Systems: A Review
Syed Moudud-Ul-Huq*

Artificial Intelligence (AI) is one of the most advanced technologies in the world. This
paper attempts to demonstrate how AI is helping in the development of accounting
system as per Perrow’s sociological framework as a basis for comparative organizational
analysis of the impact of expert systems on organizational issues. The study analyzes the
relative impact of AI on two different types of accounting works—auditing and tax.
Accounting tasks involve a wide range of structured, semi-structured and unstructured
decisions. The heart of auditing and assurance involves the less-structured decisions and
analyses that include much uncertainty caused by risks and lack of information. The
discussion indicates an impact on factors that ultimately improve productivity. In
aggregate, it indicates that expert systems are found to allow the user substantial control
of search for solutions and discretion on whether to follow system recommendations,
increased access to top management, and a decrease in the need for supervision.

Introduction
Accounting information systems moved out of the arena of paper journals and ledgers and
entered computer-based formats with the advent of computers. Unfortunately, in many cases,
all that was done was to develop the computerized systems, where the computers are used as
a more efficient type of paper processor or calculator. Consequently, in many cases, accounting
databases have become vast storehouses of limited information about specific accounting
transactions. As a result, these systems do not meet the needs of decision makers. One approach
to this problem is to integrate Artificial Intelligence (AI)—that emphasizes the creation of
intelligent machines that work and react like humans including speech recognition, learning,
planning and problem solving—into accounting databases to try to develop systems that mitigate
the difficulties of traditional systems. Although accounting database theory has received
substantial attention, little work has been done on the application of AI to accounting.
Accounting is no longer limited to pen and paper. Now the computer technology is widely
used in accounting system. The reality in many business organizations is that some of the
important complex events cannot be used in process management, because they are not detected

* Assistant Professor, Department of Business Administration, Mawlana Bhashani Science and Technology
University, Tangail 1902, Bangladesh. E-mail: moudud_cu7@yahoo.com

The
© 2014
RoleIUP.
of Artificial
All RightsIntelligence
Reserved.in the Development of Accounting Systems: 7
A Review

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