Artificial Intelligence is rapidly changing the way businesses operate, and the accountancy profession is no exception. We hear from Parsons Chartered Accountants’ Managing Partner and Head of Corporate Finance, Ian Parsons, on his perspective on how AI is influencing both the profession and the businesses they support as a firm.
- AI has become one of the biggest talking points in business. From your perspective, how is it already changing the accountancy profession?
As a firm we have been using AI in transaction processing systems – bookkeeping, scanning invoices – for quite a number of years now and it’s pretty widely taken up.
What it is doing to the accountancy profession is meaning that many more people are able to do their own bookkeeping and low-level transaction processing and, do it reasonably well wit