Digitalization of Accounting Based on the Application of Artificial Intelligence Tools: Neoinstitutional Aspects

Abstract

The growing integration of artificial intelligence in accounting emphasizes the need for comprehensive research in this area. The article defines the relevance of implementing artificial intelligence tools in the practice of accounting, particularly in the context of technological innovations characteristic of Industry 4.0. The problems associated with adapting the accounting system and specialists to these achievements are studied, emphasizing the need for strategic transformation. The article identifies opportunities for rethinking traditional accounting functions by introducing artificial intelligence, which offers significant potential for cost savings and increased efficiency. Critical issues related to implementing artificial intelligence in accounting are analyzed, and solutions to these problems are proposed. The article examines the hybridization of accounting roles and examines the interaction between human experience and the capabilities of artificial intelligence. Recommendations are given for improving accounting and taxation education by updating curricula to include artificial intelligence technologies, their functionality, and applications in accounting processes. The offerings aim to provide future professionals with the knowledge and skills to effectively use artificial intelligence, ensuring a smooth transition to modernized accounting systems. The research results contribute to the current discourse on the transformative impact of artificial intelligence on the accounting profession.