AI in Accounting Ethics: Sounding the Alarm
Dr. Devali P. N. Assistant Professor, DRK College of Commerce, Kolhapur
Email: dparshuram1984@ gmail.com, Mob. No. 9049081926
Mr. Kiran Annasaheb Gurav, KIT’s College of Engineering Kolhapur (Empowered Autonomous), Kolhapur
Kiran22gurav@gmail.com Mob. No. 9767313857
Abstract
Artificial Intelligence (AI) is revolutionizing accounting by automating processes such as bookkeeping, auditing, and financial forecasting through tools like QuickBooks, Xero, Zoho Books, and Mind Bridge Ai. While these innovations improve efficiency and reduce errors, they raise serious ethical concerns including data privacy, algorithmic bias, accountability gaps, and job displacement. This study explores AI adoption and ethical preparedness in Kolhapur District, covering business, cooperative banking, and education sectors. Survey and interview findings reveal that although 68% of respondents are aware of AI applications, only 22% follow formal ethical guidelines. Key issues identified include data privacy (54%), job displacement (48%), and bias (36%). Correlation analysis (r = 0.61) confirms a significant link between AI adoption and ethical challenges. The results underscore the urgent need for ethical frameworks, training, and governance to ensure responsible AI integration in accounting.
Keywords: Artificial Intelligence, Accounting, Ethics, Responsible AI, Data Privacy, Kolhapur District
DOI link – https://doi.org/10.69758/GIMRJ/2509I9VXIIIP0020
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