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

- As a major player in the world market, Saudi Arabia has seen a substantial adoption of AI technology in its commercial environment. This study intends to thoroughly examine the particular effects of AI on Saudi businesses' accounting systems. This paper offers a comprehensive knowledge of the consequences of AI application in the accounting sector by a thorough examination of the body of existing literature. It looks at how traditional accounting methods are affected by AI-driven automation, data analysis, and decision-making processes in the Saudi Arabian environment. The viewpoint 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. The 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 research's most significant findings is the ability of AI to process enormous volumes of data fast and accurately allows for improved financial analysis, risk assessment, and forecasting. And making wiser and more strategic business decisions is facilitated by this. Furthermore, the use of AI reduced the need for human labor and streamlined accounting procedures, which saved Saudi businesses money. As a result, resource allocation was optimized, and overall financial performance was enhanced.