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.