1st Edition

Artificial Intelligence in Accounting Organisational and Ethical Implications

Edited By Othmar M. Lehner, Carina Knoll Copyright 2023
    328 Pages 26 B/W Illustrations
    by Routledge

    Artificial intelligence (AI) and Big Data based applications in accounting and auditing have become pervasive in recent years. However, research on the societal implications of the widespread and partly unregulated use of AI and Big Data in several industries remains scarce despite salient and competing utopian and dystopian narratives.

    This book focuses on the transformation of accounting and auditing based on AI and Big Data. It not only provides a thorough and critical overview of the status-quo and the reports surrounding these technologies, but it also presents a future outlook on the ethical and normative implications concerning opportunities, risks, and limits. The book discusses topics such as future, human-machine collaboration, cybernetic approaches to decision-making, and ethical guidelines for good corporate governance of AI-based algorithms and Big Data in accounting and auditing. It clarifies the issues surrounding the digital transformation in this arena, delineates its boundaries, and highlights the essential issues and debates within and concerning this rapidly developing field. The authors develop a range of analytic approaches to the subject, both appreciative and sceptical, and synthesise new theoretical constructs that make better sense of human-machine collaborations in accounting and auditing.

    This book offers academics a variety of new research and theory building on digital accounting and auditing from and for accounting and auditing scholars, economists, organisations, and management academics and political and philosophical thinkers. Also, as a landmark work in a new area of current policy interest, it will engage regulators and policy makers, reflective practitioners, and media commentators through its authoritative contributions, editorial framing and discussion, and sector studies and cases.

    List of Contributors

    List of Tables

    List of Figures

    Part 1 - Introduction to Artificial Intelligence and Big Data in Accounting

    1. Organisational and Ethical Perspectives

      Othmar M. Lehner and Carina Knoll

    2. Artificial Intelligence-driven Accounting (AIDA): Future Insights and Organisational Implications

    Othmar M. Lehner, Susanne Leitner-Hanetseder, Christoph Eisl and Carina Knoll

    Part 2 - Organisational Implications

    3.  The "Human" Factor in a Digital Accounting World

      Shawnie Kruskopf, Charlotta Lobbas, Hanna Meinander and Kira Söderling

    4. Quo Vadis Accountancy? - Future Roles and Responsibilities

      Susanne Leitner-Hanetseder, Othmar M. Lehner, Christoph Eisl and Carina Knoll

    5. The Need for an Adapted Skillset for Accountants – What Does Accounting Education Literature Tell Us?

      Susanne Leitner-Hanetseder, Carina Knoll, Christoph Eisl and Othmar M. Lehner

    6. Cybernetic Limits of Artificial Intelligence in Accounting and a Future Research Agenda

      Heimo Losbichler and Othmar M. Lehner

    7. Good Governance of AI and Big Data Processes in Accounting and Auditing

      Tatu Jauhiainen and Othmar M. Lehner

    8. Cybersecurity in Accounting Research

    Elina Haapamäki and Jukka Sihvonen

    Part 3 - Ethical Implications

    9. Ethics and the Future of Artificial Intelligence in Auditing

      Michael Alles, Ivy Munoko and Miklos Vasarhelyi

    10. Ethical Challenges and Normative Thinking in AIDA

      Othmar M. Lehner, Kim Ittonen, Hanna Silvola and Eva Ström

    11. The Promise of Digital Accounting and Auditing: Brave New World or Dystopia?

    Hannah Seligson and Othmar M. Lehner



    Othmar M. Lehner is a professor and director of the Hanken Center for Accounting, Finance and Governance at the Hanken School of Economics, Helsinki. His research combines accounting, information sciences, and organisation theory to drive forward societal insights on sustainability and the digitalisation of work processes.

    Carina Knoll is an aspiring researcher in the field of Digital Accounting at the University of Applied Sciences Upper Austria. Bringing a background in sociology and management from the Johannes Kepler University of Upper Austria, her interest is the humanist implications of the digital transformation in accounting and auditing.