98% of accountants tap AI for data entry and processing.

Summary:

Nearly every accountant has used AI, with 98% utilizing it in the past year. However, the main use cases for AI are administrative tasks and financial insights rather than traditional accounting services, with data entry and processing being the most common at 69%. When it comes to their own businesses, accountants are using AI for client interaction, with managing client portfolios being the most common use. There is also a great emphasis on ethics in AI use, with many accountants following ethics policies and frameworks. The industry is under pressure to keep up with technological advancements, with firms investing in new technologies to address a talent crisis. Technology is seen as a way to attract and retain talent, but accountants still believe that soft skills are as important as technological capabilities.