Adopting Cloud Computing and Accounting Practices : A Review of Artifice Intelligence Perspective

Abstract

Cloud computing is revolutionizing the way businesses operate in the digital age. This technology allows businesses to store, process, and analyze data from multiple sources and locations, resulting in improved efficiency and cost savings. However, while leveraging this technology has significant advantages, accounting professionals must understand the implications for their operations to ensure accuracy and compliance. This paper explores the impact of cloud computing on accounting practices, including the precision of calculations, financial accounting of services used, verification of internal controls, compliance, and cyber security considerations. Understanding the implications of cloud-based systems is essential for businesses to ensure accounting accuracy and maintain compliance with laws and regulations in the digital age.