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How exposed to AI is a Accountants and Auditor?

Of the 30 tasks O*NET lists for accountants and auditors, 5 could be done in half the time with a chat window today. 4 cannot be sped up at all. Here is which.

Exposure means published research judged an AI could halve the time a task takes, at the same quality. It does not mean the task stops needing a person. How to read this

Also called
AccountantAccounting OfficerAudit PartnerAuditorCertified Public Accountant (CPA)Cost AccountantFinancial AuditorGeneral AccountantInternal AuditorRevenue Tax Specialist
Reachable today Needs software built first Cannot be sped up
30
tasks rated for this occupation
1319k
people do this job in the US
15 of 48
least protected in business and finance

Every task, and what AI can do with it

These are O*NET's task statements for this occupation, exactly as written, sorted into the three bands by the ratings behind this report. Nothing has been reworded.

Reachable with a chat window today

5
  • Prepare detailed reports on audit findings
  • Report to management about asset utilization and audit results, and recommend changes in operations and financial activities
  • Examine and evaluate financial and information systems, recommending controls to ensure system reliability and data integrity
  • Examine records and interview workers to ensure recording of transactions and compliance with laws and regulations
  • Establish tables of accounts and assign entries to proper accounts

Only with software built on top

21
  • Collect and analyze data to detect deficient controls, duplicated effort, extravagance, fraud, or non-compliance with laws, regulations, and management policies
  • Inspect account books and accounting systems for efficiency, effectiveness, and use of accepted accounting procedures to record transactions
  • Confer with company officials about financial and regulatory matters
  • Prepare, examine, or analyze accounting records, financial statements, or other financial reports to assess accuracy, completeness, and conformance to reporting and procedural standards
  • Prepare adjusting journal entries
  • Analyze business operations, trends, costs, revenues, financial commitments, and obligations to project future revenues and expenses or to provide advice
  • Report to management regarding the finances of establishment
  • Develop, implement, modify, and document recordkeeping and accounting systems, making use of current computer technology
  • Evaluate taxpayer finances to determine tax liability, using knowledge of interest and discount rates, annuities, valuation of stocks and bonds, and amortization valuation of depletable assets
  • Examine whether the organization's objectives are reflected in its management activities, and whether employees understand the objectives
  • Audit payroll and personnel records to determine unemployment insurance premiums, workers' compensation coverage, liabilities, and compliance with tax laws
  • Review taxpayer accounts, and conduct audits on-site, by correspondence, or by summoning taxpayer to office
  • Compute taxes owed and prepare tax returns, ensuring compliance with payment, reporting, or other tax requirements
  • Advise clients in areas such as compensation, employee health care benefits, the design of accounting or data processing systems, or long-range tax or estate plans
  • Represent clients before taxing authorities and provide support during litigation involving financial issues
  • Direct activities of personnel engaged in filing, recording, compiling, and transmitting financial records
  • Conduct pre-implementation audits to determine if systems and programs under development will work as planned
  • Develop, maintain, or analyze budgets, preparing periodic reports that compare budgeted costs to actual costs
  • Prepare, analyze, or verify annual reports, financial statements, and other records, using accepted accounting and statistical procedures to assess financial condition and facilitate financial planning
  • Process invoices for payment
  • Review data about material assets, net worth, liabilities, capital stock, surplus, income, or expenditures

Cannot be sped up

4
  • Supervise auditing of establishments, and determine scope of investigation required
  • Inspect cash on hand, notes receivable and payable, negotiable securities, and canceled checks to confirm records are accurate
  • Review accounts for discrepancies and reconcile differences
  • Examine inventory to verify journal and ledger entries
What this does not say

This is not a prediction about your job

Nobody surveyed an employer. Tasks are counted equally, so a percentage here is a share of the list rather than a share of your week. And the ratings were made in 2023, which makes every figure a floor rather than a ceiling.

It must never be used to select anyone for redundancy. The full limits are here.

Where to go next

This is the standard task list for the title. The useful next question is which of the tasks you actually do should go near AI, and which should not.

Sort your own tasks Read the full report

Exposure ratings from Eloundou, Manning, Mishkin and Rock, GPTs are GPTs: Labor market impact potential of LLMs, Science 384, 1306–1308, 2024, used under the MIT licence. This page includes information from the O*NET Database by the U.S. Department of Labor, Employment and Training Administration (USDOL/ETA), used under the CC BY 4.0 license. O*NET® is a trademark of USDOL/ETA. People Team AI has modified all or some of this information. USDOL/ETA has not approved, endorsed, or tested these modifications. Employment figures from the US Bureau of Labor Statistics.