Impact of Artificial Intelligence on Organizational Accounting and Control

Currently, the incorporation of artificial intelligence into organizational accounting and control can enhance the efficiency of these functions and data processing. Artificial intelligence speeds up error detection and rectification while reducing disparities in the initial data entry. The accounting teams within the organization exhibit a discernible impact, characterized by a decline in lower-skilled jobs and an emphasis on responsibilities that require extensive knowledge and the implementation of specialized control systems. The emphasis of accounting and control professionals will transition – grounded in financial and accounting data – toward data interpretation and decision-making counsel, as specialised knowledge and abilities are necessary for these functions. The objective of the study is to demonstrate the extent to which artificial intelligence may be utilized in accounting and control within organizations to enhance the execution of these functions.