Artificial Intelligence

Artificial Intelligence (AI) is not a new phenomenon, but it is still a growing concern for many industries. While the human element remains the most important factor in most businesses, the accounting industry is not exempt from the threat of new technologies.

 

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If you were the owner of a medium to a large company, how could you use new technologies such as AI to support your daily operations? Select and discuss one of the options below. Option A: Cost savings associated with payroll and other personnel costs (i.e. training and development, employee hiring)Option B: More accurate and efficient financial reporting (i.e. reduction in human errors, increased productivity)

 

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