Digital Transformation in Accounting: The Impact of Automation and AI on Financial Reporting Practices

Abstract

The role of the accounting professional is evolving rapidly due to the growth of automation and 
AI. This study examines how digital technologies enhance financial reporting by making it faster, 
more accurate, and valuable for key decision-making. While automation enables automated data 
input and matching, AI can perform tasks such as predicting future trends, detecting unusual 
situations, and interpreting information more freely. As a result, accountants are shifting towards 
providing strategic insights and utilizing data instead of performing repetitive tasks. However, 
transitioning from traditional methods to new technologies presents risks such as cybercrime, 
ethical dilemmas, and the ongoing need to acquire new skills. By closely examining existing 
implementations and emerging trends, this paper discusses digital transformation's benefits, 
risks, and long-term impact on accounting.