Munyim Tajwar Abir (1921182630)
Munyim Tajwar Abir (1921182630)
Artificial intelligence, or AI, has raised many debates on its effects on different
professions, one of them being accounting. Will AI replace accountants, or will it be a
worthy partner?
AI is already transforming the accounting industry with the automation of routine
tasks such as data entry, invoice processing, and tax preparation. AI-driven software
has the capacity to analyze huge datasets to ensure anomaly detection and provide
financial reports with awesome accuracy. The automation reduces human error and
frees accountants to attend to higher-value tasks.
However, this does not necessarily mean that AI will completely take over the role of
an accountant. This is because accounting involves strategic decisions, financial
planning, and regulatory compliance-all requiring human judgment and critical
thinking. Moreover, clients require personalized advice and trust-based relationships,
which only a human accountant can give. In the end, AI will elevate an accountant's
capabilities, making them efficient to provide better insights.
In the future, it is going to be a collaborative relationship between the humans and the
AI. Accountants will lead from the front, making much more sense of financials, with
deeper analysis and strategic consulting, leveraging technology. The role of the
accountant is changing, but their expertise is irreplaceable. Rather than fear AI,
accountants should consider it an ally that elevates the profession.
AI will not replace accountants but will be a strong ally. Those familiar with AI-
powered tools will gain momentum, helping businesses and clients even more in the
digital space.
Published by Syed Manzur Elahi for International Publications Limited from Tropicana Tower (4th floor), 45, Topkhana Road, GPO
Box : 2526 Dhaka- 1000 and printed by him The Transcraft Limited, 229, Tejgaon Industrial Area, Dhaka-1208.
Telephone : PABX : 9553550 (Hunting), 9513814, 7172017 and 7172012 Fax : 880-2-9567049