USE OF ARTIFICIAL INTELLIGENCE IN ACCOUNTING AND FINANCE TO BRING SUSTAINABILITY THROUGH DIGITIZATION: BENEFITS AND THREATS

The development in the Area of digitization has promoted many changes in the field of modern accounting.
Artificial Intelligence (AI) is one of the important tool of digitisation which is used to help the industry in
meeting the changing expectation of customers, suppliers, vendors and partners by involving new
technologies. This Paper examines the use of Artificial Intelligence in Finance and Accounting sector. The
Result shows that on Primary level Artificial Intelligence makes the Accounting Professionals free from
lower-level repetitive work and improve the focus on providing important information to support business
decisions. It also Provides base for improving Accounting Theory, Value Creation and Management
Intelligence Mechanism in an organisation. The collaboration of Theory and digital tool like AI promotes
the overall development of Accounting Theory. This Study also explain how AI can be used to improve
Financial Expertise of Accounting Professional by enabling the processing and automated authorization
of documents. This Study aims at analysing Accounting Professional perceptions regarding the main
benefits and disadvantages of using Artificial Intelligence in accounting processes