Artificial intelligence refers to the simulation or approximation of human intelligence in machines.AI is being used today across different industries from finance to healthcare. Many people consider Artificial intelligence and machine learning to be a same thing, however artificial intelligence include computer-enhanced learning, reasoning, and perception it encompasses the idea of a machine that can mimic human intelligence, which machine learning does not. In today's world AI is being used in several seral sectors for a vast variety of services. AI is also being used in accountancy and assurance sectors. AI-powered software can automatically categorize expenses, reconcile accounts, and generate financial reports. This saves time and reduces the risk of manual errors for firms. It assists an accountant and an auditor to perform their tasks in an efficient and effective manner. It is being argued that AI may replace some accounting jobs because many of the jobs previously done by humans can now be automated, AI has the potential to replace specific jobs in the accounting industry. Many experts argue that AI is not replacing accounting jobs but rather than providing an opportunity to accountants to shift from traditional tasks to specialised takes which the accountants can carry out effectively and efficiently by using AI. AI can provide useful insights to the accountants and professional experts which improves the quality of services provided by them to their clients.

KEYWORDS: Artificial Intelligence, Accounting, Human Intelligence, Machine Learning, Auditor.