Automation of accounting and auditing processes: The potential and risks of AI application

Subject. The article discusses artificial intelligence (AI) implementation in accounting and auditing and risks that should be taken into account to successfully integrate modern technologies into professional practice. Objectives. The aim is to identify opportunities and risks inherent in the use of artificial intelligence in the automation of accounting and auditing processes, to justify ways to enhance efficiency and minimize associated risks. Methods. The study employs methods of risk systematization and classification, the theoretical analysis of existing scientific works on the use of AI in auditing and accounting. Results. We systematized risks associated with AI implementation in accounting and auditing, developed methodological recommendations for their mitigation, including strategic, legal, technical, and organizational aspects. The paper notes that professional competencies of accountants and auditors should be adapted to the new challenges and requirements arising from the use of AI. Conclusions. The study provides a deeper understanding of risks associated with the use of AI in accounting and auditing, and proposes approaches for their effective management. The developed recommendations have practical significance for organizations implementing AI, and can be used to improve qualifications of professionals in this field.