Empowering Accounting with Artificial Intelligence

AI is entering the accounting profession. What should accountants do to get the most out of Artificial Intelligence (AI) in their daily jobs? The Tilburg Winter Symposium and Research Camp, themed "Empowering Accounting with Artificial Intelligence," brought practitioners and researchers together in a two-day event on this important topic. While the tasks and opportunities for AI are numerous, the conference's overarching conversation suggests that the core of the accountant's profession is likely to evolve rather than disappear. This evolution requires accountants to redefine their roles by focusing more on how AI can assist in strategic decision-making. Furthermore, participating experts recommend that accountants set up operational and organizational structures and manage stakeholder involvement when using AI, so that the right questions can be asked to ensure that AI can assist in improving corporate decisions.