Title: Integrating Artificial Intelligence in Accounting: A Chartered Accountant's Perspective from Gujarat, India - A Literature Review
Authors: Mr. Vijay Dayama and Dr. Jagadish Dhoriya
Volume: 9
Issue: 7
Pages: 62-69
Publication Date: 2025/07/28
Abstract:
The rapid advancement of Artificial Intelligence (AI) technologies has begun to transform the accounting profession globally. This literature review explores the integration of AI in accounting, with a particular focus on the perceptions, readiness, and adaptability of professional Chartered Accountants (CAs) in the Gujarat region of India. The review synthesizes national and international scholarly literature to understand the evolution of AI tools in accounting functions such as auditing, taxation, financial reporting, and advisory services. It also examines the challenges and opportunities posed by AI, including ethical considerations, skill gaps, and the need for regulatory frameworks. Findings indicate that while global trends show increasing adoption and investment in AI-powered accounting solutions, the Indian context-especially Gujarat-presents unique concerns related to awareness, digital infrastructure, and professional acceptance. This paper includes insights from empirical studies, theoretical frameworks, and practice-based evidence to highlight the emerging role of AI as a value-adding partner to accountants rather than a replacement. The review concludes with research gaps and implications for policymakers, accounting educators, and professional bodies in India. The study refers to 35 national and international scholarly papers to provide a comprehensive overview of the current state and future prospects of AI integration in the accounting profession.