The Future of Cost & Chartered Accountants – Impact of Automation and Artificial Intelligence

Abstract

Artificial Intelligence (AI) is certainly going to impact the role & scope of working of the cost & management accountants in a big way. AI will seriously take over the robotic components of accounting & auditing. Therefore, the cost accountants need to move their value-chain upward & get into a strategic role. They need to think and act like business partners to contribute entrepreneurial value to the business organizations.