Applications and challenges of ChatGPT in accounting : A literature review
DOI:
https://doi.org/10.18559/rielf.2024.1.1644Keywords:
ChatGPT, accounting, literature revueAbstract
Purpose – The aim of the article is to identify publications regarding ChatGPT in the field of accounting published since the launch of ChatGPT until now (May 2024) in order to have a rough picture of the popularity of the concept as topics of research studies. The analysis of research areas, as well as potential applications and challenges of using ChatGPT in accounting follows the literature review.
Design/methodology/approach – A content analysis of the Scopus and Web of Science databases demonstrated growing interest in IA and ChatGPT among scientific researchers, particularly since the launch of ChatGPT version 3.5 on November 30, 2022. 16 articles published in 2023 and 2024 related to the use of ChatGPT in accounting have been reviewed. A descriptive research methodology, including a literature review, was applied in order to achieve the stated objective.
Findings – Six articles are empirical studies while the other ten constitute theoretical research. The results indicate (1) the growing trend among academicians in researching the possibilities of using ChatGPT in accounting education in the field of accounting; (2) a great interest among practitioners linked to the application of new AI technologies as well as in financial accounting and auditing (within accounting firms), in ESG reporting and in management accounting.
Originality/value – The article contributes to the growing literature regarding the use of ChatGPT in accounting, constituting a synthesis of everything that has been published in Scopus and Web of Sciences on this topic.
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