AI in the Accounting Industry
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Authors
Przepiora, Matthew
Issue Date
2025-04-03
Type
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Abstract
Description
The introduction and integration of artificial intelligence (AI) into the accounting
industry has transformed the field by increasing efficiency and accuracy. This paper examines the
acceptance, adoption, and application of AI in the accounting industry, with a focus on the ability
to automate repetitive and time-consuming processes. The Big Four accounting firms
(PricewaterhouseCoopers (PwC), Deloitte, Ernst & Young (EY), and KPMG) utilize AI for
document review, auditing, IT operations, and client solutions. Additionally, firms have
purchased a closed enterprise version of AI software for their internal use that is tailored to their
firms’ exact needs. This research aims to analyze the potential of AI to revolutionize the
accounting industry in a positive manner. Through researching current trends, usage, and cases
from major firms, this paper argues that the adoption of AI is a tool for operational enhancement
and can redefine the accounting industry. The following findings underscore the constant
advancement of AI and how it can help revolutionize the accounting industry in the near future.