International Journal of Accounting & Finance in Asia Pasific
Vol 4, No 2 (2021): June 2021

Harnessing the Power of Artificial Intelligence in the Accounting Industry: A Case Study of KPMG

P V, Ranjith (Unknown)
Madan, Sahana (Unknown)
Jian, Delon Ang Wern (Unknown)
Teoh, Kok Ban (Unknown)
Singh, Amisha Siddhu (Unknown)
Ganatra, Varsha (Unknown)
AV, Akshay (Unknown)
Rana, Rajeev (Unknown)
Das, Abhijit (Unknown)
Shekar, Shetty Lavanya (Unknown)
Singh, Padmalini (Unknown)



Article Info

Publish Date
21 Jun 2021

Abstract

In the ‘New Normal', the accounting industry is experiencing heavy pressure associated with artificial intelligence (AI). The purpose of this study is to examine the ways and how organizations are harnessing the power of artificial intelligence in the accounting industry through the lens of KPMG. There are 39 employees from the KPMG who responded through a structured questionnaire on Google Forms circulated among the employees of the company. The data collected were analyzed and presented in the table of numerical terms. The results showed there is a significant positive relationship between the adaptation of AI in the accounting tasks in KPMG company. The results of this study reflect upcoming AI practices that will be sent to the KPMG to enhance awareness and adopt artificial intelligence applications for better productivity. These findings can help the accountants in clearly understanding how they can use AI technology to improve the accounting standards.

Copyrights © 2021






Journal Info

Abbrev

IJAFAP

Publisher

Subject

Decision Sciences, Operations Research & Management Economics, Econometrics & Finance

Description

IJAFAP aims to feature narrative, theoretical, and empirical-based research articles within the abovementioned fields. The journal welcomes articles relating to the current issues of financial decision making as well as its impact on society. IJAFAP carries out the mission to feature narrative, ...