The Impact of Artificial Intelligence on Ethical Decision-Making in Accounting Practices

Abstract

The rapid adoption of artificial intelligence (AI) technologies in accounting has transformed traditional practices, enhancing efficiency and accuracy in decision-making processes. However, this technological advancement also introduces significant ethical dilemmas that accounting professionals must navigate. This study investigates the impact of AI on ethical decision-making in accounting, focusing on the challenges posed by algorithmic bias, accountability frameworks, and the need for comprehensive ethical guidelines. A mixed-methods approach was employed, combining a systematic literature review with qualitative interviews of accounting professionals. The literature review revealed critical themes, including the risks of algorithmic bias and the necessity for robust accountability structures. Insights from interviews highlighted the real-world experiences of practitioners, emphasizing the need for ongoing training and awareness regarding the ethical implications of AI. The findings suggest that while AI offers substantial opportunities for improving accounting practices, it also necessitates the development of novel ethical frameworks and continuous monitoring mechanisms to ensure responsible utilization. This study contributes to the growing discourse on accounting ethics in the context of AI, underscoring the importance of maintaining trust and accountability in the evolving financial landscape.