Date Completed
Fall 12-8-2024
Project Type
Undergraduate Research Project
Department
Decision Sciences
First Advisor
Dan Silverman
Abstract
The accounting field is evolving quickly with the integration of Artificial Intelligence (AI), and BNN is taking on this challenge. This report explores how BNN incorporates AI tools like Microsoft’s CoPilot and Caseware into its operations to streamline audits, enhance efficiency, and ensure compliance. This report will also cover how the industry handles this new technology, but still have a focus on BNN. While AI has brought significant benefits such as reducing costs, speeding up data processing, and moving towards real-time audits, it also presents challenges. These challenges include trust in AI outputs, high implementation costs, and workforce training. To get ahead on implementation, BNN has launched pilot programs, for example, their “AI champions,” and developed tailored training to support employees as they adapt to this new technology. BNN also has to focus on the use of AI with hands-on learning opportunities for junior staff, BNN is ensuring it remains competitive. This report examines BNN’s approach to AI integration, highlighting the benefits, challenges, and strategies implemented to help excel in this new era of accounting.
Recommended Citation
Morneault, Aidan M., "Transforming Accounting with Artificial Intelligence" (2024). Business Analytics Student Projects and Publications. 2.
https://scholars.unh.edu/business_analytics/2
Included in
Accounting Commons, Business Analytics Commons, E-Commerce Commons