The impact of artificial intelligence technologies on the accounting profession: A field study on commercial banks operating in the city of Sirte

Abstract

This study aimed to identify the impact of implementing Artificial Intelligence (AI) technologies specifically cloud computing, the Internet of Things (IoT), Big Data Analytics, and Blockchain on the accounting profession within Libyan commercial banks. To achieve these objectives, a descriptive-analytical approach was employed. Data was collected via a questionnaire distributed to a sample of 62 employees in the banking sector in Sirte, Libya.

 The results revealed a significant positive impact of AI technology application on the accounting profession. Notably, Blockchain technology had the greatest positive influence, particularly in reducing costs, ensuring the accuracy of recording and documenting accounting transactions, and enhancing the level of disclosure and transparency in financial reports. Furthermore, the findings indicated that the Internet of Things (IoT)contributes to predictive capabilities, financial decision-making, and boosting the efficiency and effectiveness of accounting system. Additionally, Big Data Analytics plays a crucial role in analyzing accounting data.

The study recommends increasing awareness of the importance of Cloud computing among banking sector employees and the conducting further research to better understand the practical implications of these technologies on the accounting profession