This book focuses on the use of Artificial Intelligence (AI) for accounting, auditing, and finance. It explores how AI can be leveraged to perform various tasks within these fields and offers real life examples to illustrate its features and facilitate implementation. The book further examines how different AI technologies, such as Machine Learning, Deep Learning, Natural Language Processing, and others, can be used to improve processes and functions in accounting and financial reporting. Furthermore, the authors explain the different subsets of Artificial Intelligence and how they can be used for practical purposes. The book provides a basic guide of these emerging technologies to help practitioners in the field to better understand how they can be implemented in their companies.
Chapter
1. Introduction: Our Remade World.
Chapter
2. The Development
of Artificial Intelligence and Machine Learning: Applications in Financial
Services.
Chapter
3. The Development of Accounting as a Service Activity.-
Chapter
4. The Accountancy Profession and the Challenges of Artificial
Intelligence.
Chapter
5. The Impact of Artificial Intelligence on the Role
of Management Accountants.
Chapter
6. The Impact of Artificial Intelligence
on Auditing and Assurance Services.
Chapter
7. Integration of Artificial
Intelligence into Taxation Processes.
Chapter
8. Reflecting on Artificial
Intelligence and Financial Statement Analysis using a Critical Management
Framework Approach.
Chapter
9. Artificial Intelligence Tools and Use Cases
in Corporate Finance.
Chapter
10. The Benefits and Challenges of Utilizing
Artificial Intelligence in Enterprise Risk Management.
Chapter
11. Financial
Time Series Forecasting in the Artificial Intelligence Domain: Learning
through the Lens of Time.
Chapter
12. Conclusion: The Currency of Our Remade
World.
Prof. Michael Olajide Adelowotan, a chartered accountant, is currently an Associate Professor for Accounting at the University of Johannesburg (South Africa). He teaches financial accounting, cost and management accounting as well as public sector accounting. His research focus is on corporate reporting practices and 4IR accounting. He has worked as an auditor and tax consultant in various auditing and tax consultancy firms before joining the higher education sector as a lecturer and researcher.
Dr. Collins Achepsah Leke is a Senior Lecturer at the University of Johannesburg, Department of Accountancy (South Africa). His research interests are multi-disciplinary, and they include the applications of computational intelligence and deep learning to engineering, computer science, finance, social science and medicine. He has published two books on Deep Learning and Missing Data in Engineering Systems, and on Machine Learning specifically optimization and decision making.
