Integrating AIS and contemporary technologies

摘要

In this chapter, we explore four contemporary technologies – data analytics, artificial intelligence, robotic process automation and blockchain – and their integration with accounting information systems (AIS). Common themes arising include greater efficiency within organisations, leading to better decision making; improved risk assessment, enabling new business growth; more effective processes and controls, resulting in better analysis; improved accuracy of task completion, facilitating more effective control and audit procedures. There is however a recognition that the integration of these technologies will require a change in the skillset of accountants, organisational changes as a result of becoming more data driven and logistical challenges including technical compatibility with other systems and cost. With the increased level of data involved in each technology, concerns over data security and compliance with regulation arise. These technologies have, and will continue to have, a significant impact on AIS. It is a fast-paced environment, and regulators, professional bodies, organisations and individual accountants would be well advised to engage critically with these developments for future success.