Accounting Technology of Artificial Intelligence (AI)

Please prepare a response post to the following post:
I have chosen to examine the emerging accounting technology of Artificial Intelligence (AI). Artificial Intelligence is a system's liability to interpret external data correctly and learn from such data, and use those learnings to achieve specific goals and tasks through flexible adaptation. In accounting, Artificial Intelligence can be used to complete many tasks such as recording transactions, classifying, summarizing, analyzing, and predicting future financial trends. AI does offer advantages to companies who choose to use it. It can handle complex financial statements, large amounts of data, and high revenue in a quick and efficient manner. AI also improves the quality of accounting by essentially eliminating human error. AI benefits companies by having the ability to analyze data in order to simulate future financial problems and predict future financial trends in a deeper way than today’s accounting staff are able. Introducing AI into accounting does not come without disadvantages, however. AI presents a large security risk for companies, as the data is typically stored on a network, which has the potential to be targeted by hackers. This type of hack has the potential to leak not only the company but personal information as well. The introduction of AI has the potential to severely reduce the workforce, as it puts many accountants out of work. It’s difficult to predict what steps we could take to prepare for AI usage in accounting. For many of us, it seems like AI would make our jobs obsolete. It is suggested that accounting staff supplement their knowledge of accounting processes with programming and data analysis skills. It is anticipated that accountants will transition to be more responsible for making financial decisions based on trends and data provided by AI systems.