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Original Research

THE FUTURE: ARTIFICIAL INTELLIGENCE'S PROFOUND IMPACT ON ACCOUNTING AND SOCIETY - ANTICIPATING JOB MARKET DYNAMICS AND EVOLVING SKILL REQUIREMENTS FOR ACCOUNTANTS

Dr. AHMAD KHALID KHAN 1, Dr. ELTAYEB M. SULIMAN 2, Dr. WALEED KHALID 3, and Dr. SYED MOHAMMAD FAISAL 4.

Vol 18, No 12 ( 2023 )   |  DOI: 10.5281/zenodo.10444247   |   Author Affiliation: Assistant Professor, Department of Management, Applied College, Jazan University, Jazan, Saudi Arabia 1,2,3,4.   |   Licensing: CC 4.0   |   Pg no: 1596-1622   |   Published on: 27-12-2023

Abstract

The present research aims to investigate the effects of artificial intelligence (AI) on the domain of accounting, as well as its wider social ramifications. This study specifically examines the complex dynamics of the contemporary labor market and the requisite skill sets needed to fulfill the needs of accountants across various sectors. The aim of the upcoming study in Saudi Arabia is to investigate the diverse ramifications resulting from recent progressions in artificial intelligence (AI) inside the field of accounting. The objective of this research is to examine the impact of current improvements in artificial intelligence (AI) on the accounting profession and to understand how AI-driven innovations in accounting are influencing the labor market. Moreover, the main aim of this research is to examine the possible ramifications of advancements in artificial intelligence (AI) on the virtual borders inside corporate settings. The present study used a sample size of 600 participants, mostly selected from diverse urban and rural areas within the geographical boundaries of Saudi Arabia. A sample size of 673 participants from the specified demography provided valid responses, which were then used for the purpose of conducting research. This study used an extensive application of SPSS for the examination of primary data. The statistical study included the use of ANOVA single variate and multi-regression models, which yielded a substantial correlation of around 83% between the dependent and independent variables.


Keywords

Accountant, Regression, Artificial Intelligent, Job Seekers, Society.