The Impact of Artificial Intelligence (AI) on the Accounting System of Saudi Companies

Abstract

As a major player in the world market, Saudi Arabia has seen substantial adoption of artificial intelligence AI) technology in its commercial environment. This study intends to thoroughly examine the specific effects of AI on Saudi business accounting systems. This paper offers comprehensive knowledge of the consequences of AI application in the accounting sector through a thorough examination of the body of existing literature. It examines how traditional accounting methods are affected by AI-driven automation, data analysis, and decision-making processes in the Saudi Arabian environment. The viewpoints and experiences of first-hand participants in integrating AI into Saudi enterprises’ accounting systems are provided by this study through a survey distributed to important stakeholders, such as accounting professionals, technology specialists, and business leaders. This study also emphasizes how incorporating AI technology into accounting procedures may affect workforce dynamics, skill needs, and organizational structure as a whole. One of the most significant research findings is the ability of AI to process enormous volumes of data quickly and accurately, allowing for improved financial analysis, risk assessment, and forecasting. This facilitates wiser and more strategic business decisions. AI also simplified accounting processes and decreased the need for human labor, saving Saudi enterprises money. As a result, resource allocation was optimized and overall financial performance was enhanced.