Challenges and Future Trends in AI Accounting
Manjinder Singh · 2025
This chapter discusses the transformative effect of artificial intelligence (AI) on the accounting profession, focusing on its current applications, significant challenges, and emerging trends. AI has transformed accounting operations by streamlining routine tasks, enhancing predictive analytics, and improving audit processes. Yet, implementing AI poses some substantial challenges, including technological barriers, ethical and regulatory concerns, workforce skill gaps, and high implementation costs. This chapter covers future trends as well, which include AI-driven auditing tools, predictive analytics, and AI-driven blockchain systems; the development of AI regulations in accounting; and others. As this transformation continues to shape the accountancy profession, the work of accountants will take on a form that allows for the holistic integration of AI abilities with human skills. Finally, this chapter concludes by underlining the importance of continuous learning, an ethical framework for AI, and a harmonious approach to AI implementation in accounting for sustainable success.