Role of artificial intelligence in accounting

Tanuj Chandra Saxenaa | Last updated: 10 December 2021

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Artificial Intelligence is significantly impacting the accounting and finance sectors by automating routine tasks, analysing vast amounts of data quickly, and providing valuable insights. While AI will transform the profession, it is not expected to replace accountants entirely; instead, it will create new roles and allow human professionals to focus on more strategic client-facing activities. AI offers numerous benefits, including increased efficiency, improved accuracy, real-time financial monitoring, enhanced compliance, and fraud detection.

As Artificial Intelligence works for every industry, it certainly has a significant impact on the accounting and finance industries as well. Ranging from saving time and money and providing insights, AI are professionals for accounting and finance and will attract the next generation of employees an

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About the Author

Tanuj Chandra Saxenaa

Company Secretary

Founder Of Tanuj Saxena and Associates Company Secretaries (Company Secretaries) (A Peer Reviewed Unit From The Institute of Company Secretaries of India), Independent Director from IICA- MCA, Trademark Agent and Attorney and Certified GST Practitioner Having a 6+ Years of Core and Rich Experience in Company Law Matter ... Read more

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