AI conference explores future of accounting, auditing in digital age

Doha: The Artificial Intelligence and its Role in the Accounting and Auditing Profession conference commenced on Wednesday, bringing together experts...

Doha: The Artificial Intelligence and its Role in the Accounting and Auditing Profession conference commenced on Wednesday, bringing together experts and professionals from Qatar and abroad to discuss the major transformations the sector is undergoing amid rapid advancements in modern technologies.

The conference also explored the opportunities and challenges that artificial intelligence presents to accounting and auditing practices.

Organized by the Qatar Association of Certified Public Accountants (QCPA) under the patronage of the Ministry of Commerce and Industry, the conference sessions focused on the latest AI tools used in accounting, their role in financial data analysis, the challenges associated with their implementation, and ways to enhance compliance and transparency and improve financial risk management using smart technologies.

The conference also highlighted the importance of ethical considerations in employing AI in accounting, particularly regarding data privacy protection and information security, given their pivotal role in fostering confidence in the results of financial transactions.

During the opening session, QCPA President, Dr. Hashim Al Sayed, affirmed that the world is witnessing numerous developments, most notably in information and communication technology, where AI has begun performing many tasks previously carried out by humans, across various fields.