--- title: Myth - accountants are infallible date: 2024-10-18T10:50:11Z modified: 2024-10-21T14:03:02Z permalink: "https://grow.ee/muut-raamatupidaja-on-eksimatu/" type: post status: publish excerpt: What is the error rate of humans and artificial intelligence in accounting? wpid: 14421 featured_image: "https://grow.ee/wp-content/uploads/2024/10/Raamatupidamine-koer-kontoris.jpg" timestamp: 2024-10-21T14:03:02Z tags: - Accounting --- ![](https://grow.ee/wp-content/uploads/2024/10/Raamatupidamine-koer-kontoris.jpg) ### **Do accountants make mistakes? Yes, they do.** **Do artificial intelligence make mistakes? Yes, they do.** While good accountants do everything they can to avoid errors and ensure accuracy, they are not infallible. It is important to create effective control processes and quality control to identify and correct errors before they can cause serious problems. A reliable accountant understands their role and responsibilities, but it is also important to recognize that mistakes can happen and that continuous learning and improvement are necessary. ### So who makes more mistakes, humans or AI? The rate of errors, whether caused by humans or AI, can vary depending on a number of factors, including the industry, tools used, and processes. However, it is difficult to accurately quantify the percentage of errors in accounting. Here are some aspects to consider: ### Human Error Rate - Studies have shown that human errors in accounting can range from 1-5% of the total number of transactions. - For example, if a company has 1,000 accounting transactions per month, this could mean that 10 to 50 transactions could contain errors. ### AI Error Rate - Using AI in accounting can reduce the number of errors, but it is not completely error-free. - Studies show that the error rate of AI systems can be 0.5-2% of the total number of transactions, depending on the maturity of the system and the quality of the data used. - If the same company with 1000 transactions uses AI, this could mean 5 to 20 transactions where the AI can make an error. The statistical accuracy of the above can be debated, but most agree that if the initial data is correct, the computer has a significantly greater advantage in ensuring correct coverage. AI is able to learn from mistakes and continuously improve, which helps reduce errors and increase the accuracy and efficiency of the system. This process is not automatic, but requires high-quality data acquisition, feedback and technological innovations. Therefore, it is important that AI is also supported by people who can provide the necessary feedback and make the necessary adjustments. It is certain that with the development of technology, accounting will become increasingly accurate and of higher quality. ## Talk to our financial expert [ CONTACT US ](https://grow.ee/wp-content/uploads/wp-mfa-exports/page/vota-meiega-uhendust.md)