Artificial Intelligence in Finance and Accounting: Revolutionizing Traditional Practices

Abstract

The growing adoption of artificial intelligence (AI) in the finance industry is discussed in this paper. It emphasises the value that technology delivers in terms of improving financial and accounting efficiency and depth. Furthermore, the consideration of the trends advanced in the paper. The entire scope of this technology's merits and disadvantages has yet to be fully recognised due to its developing nature and use in finance and accounting. Countries will need to improve prudential monitoring due to the possibility of unforeseen hazards. The authors want to give future researchers a thorough overview and a study schedule so they can learn more broadly applicable information.