The Impact of Accounting Companies Based on Artificial Intelligence on Cloud Accounting - an Exploratory Study on Chartered Accountants and Accounting Employees in Erbil Governorate

Abstract

The integration of AI into cloud accounting has revolutionized the way businesses manage their financial affairs. It has automated repetitive tasks, improved data accuracy, facilitated predictive analytics, enhanced expense management, and bolstered fraud detection capabilities. Additionally, AI enables cloud accounting to prepare financial report at the actual time and fosters better collaboration between accounting professionals and their clients.

AI continues to advance, its role in cloud accounting will become more prominent. Companies that adopt these technologies will gain a competitive edge through more informed financial decision-making, reduced operational costs, and ensured financial stability in an ever-evolving business landscape. Essentially, AI has not only transformed cloud accounting but has become an indispensable tool for financial management in the digital age.

 In this research, the researcher presented an overview of cloud accounting and the possibility of implementing artificial intelligence solutions for companies in the case of accounting activity. Research has shown that this topic is still at a maturing stage in the accounting field. The goal is to explore and understand how the use of artificial intelligence in accounting firms affects cloud accounting applications. The research also aims to analyze the opinions and experiences of certified accountants and accounting staff in Erbil Governorate regarding this impact. The objective is to provide a comprehensive view of the changes and improvements that artificial intelligence technology can bring to the field of cloud accounting, as well as the potential challenges that accountants may face in adopting this technology. Consequently, cloud accounting enables companies to efficiently store and process large amounts of data, contributing to deeper data analysis and using the insights gained to support strategic decision-making. AI solutions are one of the most revolutionary technologies available today, but using their true potential requires more technical improvements.