Essays are to be written using APA formatting. References used should be published within the last 4 years. An appropriate Masters’ level response to each question will be approximately 500 – 750...

Running Head: ADVANCED ACCOUNTING    1
ADVANCED ACCOUNTING        2
ADVANCED ACCOUNTING
Table of Contents
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References    9
1)
Artificial intelligence or AI has been recently introduced in an accounting information system or AIS and it has started a buzz in the industry. AI has taken the accounting system and the usage of computers for it to an entirely new level (Mitchell & Brynjolfsson, 2017).
The systems can acquire machine-based learning techniques like humans with the help of this. Besides, it will enable them to adapt changes and offer predictions based on it. Computer software is usually used to complete all sorts of tasks in accounting but even a computer has limitations.
The software cannot work properly or offer the most accurate data if the input values or the models are not correct. Besides, in tasks such as auditing or taking business decisions, humans are bound to make some errors or act in bias (Luo, Meng & Cai, 2018). Such can be eliminated by using AI.
However, there is no such system so far to replace an accountant in an organization. In a multinational company, accounting is difficult as it involves dealing with taxes in different countries and keeping the business regulations in mind. Thus, the chances of making a mistake are also plausible.
Nevertheless, for artificial intelligence robots, it is possible to deal with this complicated situation, taking note of all compliance necessities and business logic, although it has not been made possible yet. Many believe that it will help a company to increase its productivity by a more accurate accounting process (Maes et al., 2016).
AI is also helpful to take a huge quantity of data at a time and analyzing it within a short period. This is rather difficult for a human being to perform at such level while maintaining high speed such as the intelligence system.
There is an AI system that already exists and it is able to do invoice management. Due to digitalization, it can keep track of the accounts and maintain a smooth flow in processing the accounts into payable or receivable. The accounting codes for the invoices can be taught to them for sustaining the workflow. It will also decrease the expense behind it, as it will make the processes faster and better (Matorras et al., 2015).
Even if there is no AI system that can perform auditing itself, there are systems to keep records of each file and documents necessary for the process. The system stores all the files with dates and it is also secure as the system notifies when a file is being accessed and by whom, where and when.
Thus, it can be kept safe and no one without authorization has the right or access to use it. They require going through file cabinets to look for the documents while auditing. There are cloud-based software systems offered by numerous firms to store the documents, which accountants can access.
This increases their efficiency and precision in the financial statements. Besides, it would also mean that the accountants doing the job can audit all the financial transactions of the business along with the invoices instead of choosing a particular part of the transactions to use as a sample (Rapani & Malim, 2018).
2)
In making a computer system safe and secure from outsiders, companies have developed several systems such as retina scanning, passwords, access codes, voice recognition, fingerprint scanning, etc. (Hein et al., 2016). However, at the same time, the systems have become more complex.
Technology has become more complicated and opened up several opportunities for criminals to access the data. Besides, these complex systems are run on certain operating systems. These systems were programmed by humans who are bound to make mistakes.
In millions of computer coding, there are...