Will AI Replace Accountants and Auditors?

Prepare detailed reports on audit findings.

Semi-structured cognitive task involving analysis, inspection, or monitoring.

Report to management about asset utilization and audit results, and recommend changes in operations and financial activities.

Complex problem-solving, strategic leadership, or high-empathy task requiring human judgment.

Collect and analyze data to detect deficient controls, duplicated effort, extravagance, fraud, or non-compliance with laws, regulations, and management policies.

Complex problem-solving, strategic leadership, or high-empathy task requiring human judgment.

Inspect account books and accounting systems for efficiency, effectiveness, and use of accepted accounting procedures to record transactions.

Routine cognitive or manual task with high vulnerability to automation.

Supervise auditing of establishments, and determine scope of investigation required.

Complex problem-solving, strategic leadership, or high-empathy task requiring human judgment.

Confer with company officials about financial and regulatory matters.

Complex problem-solving, strategic leadership, or high-empathy task requiring human judgment.

Examine and evaluate financial and information systems, recommending controls to ensure system reliability and data integrity.

Complex problem-solving, strategic leadership, or high-empathy task requiring human judgment.

Inspect cash on hand, notes receivable and payable, negotiable securities, and canceled checks to confirm records are accurate.

Routine cognitive or manual task with high vulnerability to automation.

Examine records and interview workers to ensure recording of transactions and compliance with laws and regulations.

Routine cognitive or manual task with high vulnerability to automation.

Prepare, examine, or analyze accounting records, financial statements, or other financial reports to assess accuracy, completeness, and conformance to reporting and procedural standards.

Routine cognitive or manual task with high vulnerability to automation.

Prepare adjusting journal entries.

Semi-structured task combining routine and non-routine responsibilities.

Review accounts for discrepancies and reconcile differences.

Semi-structured cognitive task involving analysis, inspection, or monitoring.

Establish tables of accounts and assign entries to proper accounts.

Complex problem-solving, strategic leadership, or high-empathy task requiring human judgment.

Examine inventory to verify journal and ledger entries.

Semi-structured task combining routine and non-routine responsibilities.

Analyze business operations, trends, costs, revenues, financial commitments, and obligations to project future revenues and expenses or to provide advice.

Semi-structured cognitive task involving analysis, inspection, or monitoring.

Report to management regarding the finances of establishment.

Complex problem-solving, strategic leadership, or high-empathy task requiring human judgment.

Develop, implement, modify, and document recordkeeping and accounting systems, making use of current computer technology.

Semi-structured task combining routine and non-routine responsibilities.

Evaluate taxpayer finances to determine tax liability, using knowledge of interest and discount rates, annuities, valuation of stocks and bonds, and amortization valuation of depletable assets.

Semi-structured cognitive task involving analysis, inspection, or monitoring.

Examine whether the organization's objectives are reflected in its management activities, and whether employees understand the objectives.

Complex problem-solving, strategic leadership, or high-empathy task requiring human judgment.

Audit payroll and personnel records to determine unemployment insurance premiums, workers' compensation coverage, liabilities, and compliance with tax laws.

Routine cognitive or manual task with high vulnerability to automation.

Review taxpayer accounts, and conduct audits on-site, by correspondence, or by summoning taxpayer to office.

Semi-structured cognitive task involving analysis, inspection, or monitoring.

Compute taxes owed and prepare tax returns, ensuring compliance with payment, reporting, or other tax requirements.

Routine cognitive or manual task with high vulnerability to automation.

Advise clients in areas such as compensation, employee health care benefits, the design of accounting or data processing systems, or long-range tax or estate plans.

Complex problem-solving, strategic leadership, or high-empathy task requiring human judgment.

Direct activities of personnel engaged in filing, recording, compiling, and transmitting financial records.

Semi-structured task combining routine and non-routine responsibilities.

Conduct pre-implementation audits to determine if systems and programs under development will work as planned.

Complex problem-solving, strategic leadership, or high-empathy task requiring human judgment.

Develop, maintain, or analyze budgets, preparing periodic reports that compare budgeted costs to actual costs.

Complex problem-solving, strategic leadership, or high-empathy task requiring human judgment.

Prepare, analyze, or verify annual reports, financial statements, and other records, using accepted accounting and statistical procedures to assess financial condition and facilitate financial planning.

Semi-structured cognitive task involving analysis, inspection, or monitoring.

Process invoices for payment.

Semi-structured task combining routine and non-routine responsibilities.

Review data about material assets, net worth, liabilities, capital stock, surplus, income, or expenditures.

Semi-structured cognitive task involving analysis, inspection, or monitoring.