The impact of AI on accounting practices: A review: Exploring how artificial intelligence is transforming traditional accounting methods and financial reporting

This paper delves into the transformative impact of Artificial Intelligence (AI) on traditional accounting practices, examining its role in reshaping financial reporting, auditing, and decision-making processes. The study explores the evolution from manual, labor-intensive accounting methods to sophisticated, AI-driven approaches by setting it against the backdrop of rapid technological advancements. The aim is to critically assess how AI integration is redefining the landscape of accounting, highlighting both the opportunities and challenges it presents. The study meticulously analyzes peer-reviewed articles, case studies, and industry reports from the last decade by employing a systematic literature review…