Date Presented

Spring 5-18-2024

Document Type

Thesis

First Advisor

Mr. Kevin Arrington

Second Advisor

Dr. Beth Savage

Third Advisor

Ms. Sandy Glass

Abstract

The accounting industry is predominantly composed of people producing financial reports, reconciling bank statements, ensuring that payroll is taken care of properly and promptly, as well as running audits both internally and externally, and administrative tasks. Automating this industry would mean that these tasks could be done without the need for much human intervention, thus reducing the number of accounting positions needed to continue operating. Larger corporations may be able to implement this automation, due to the vast resources that they have, but smaller businesses might have more trouble getting this done, due to the size of their organization. This thesis will explore the possible effects that AI may have on human labor within the accounting industry, whether AI will complement or replace human jobs, and the cost-benefit that implementing AI may have on the auditing industry.

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