Accounting Software & Systems › Automation & AI in Accounting

What are the risks and controls when using AI in accounting?

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Answer

Risks include biased or wrong outputs, lack of explainability, and over-reliance; controls include human review, audit trails, validation against source, and clear accountability.
AI-suggested coding -> accountant reviews before posting
Real-world example AI drafts the entry, but a human remains accountable for the numbers.