Is AI replacing accountants?

[niyati]

Do you think AI is replacing accountants? AI indeed handles tasks like data entry and reconciliations, but it can’t replace human judgment, strategy, or tax expertise. Instead of replacing accountants, it’s reshaping their role. What’s your take—replacement or evolution?

 

[deepak]

AI does not kill accountants but changes their functions. Repetitive work such as data entry and reconciliations is performed by automation and accountants can perform analysis, strategy, and advisory services. Rather than removing positions, AI improves efficiency and accuracy as well as decision-making, and accountants become more useful when offering financial advice and planning to businesses.

 

[alexie]

Instead of replacing accountants, artificial intelligence (AI) is revolutionizing the field by automating tedious tasks and allowing accountants to concentrate on higher-value work like ethical oversight, complex problem-solving, strategic advice, and client relationships. As a supplementary tool that augments human capabilities, AI needs qualified experts to evaluate its outputs, offer strategic insights, and guarantee accuracy and compliance.