Myth - the accountant is infallible

Is the accountant wrong? Yes, wrong.
Is artificial intelligence wrong? Yes, wrong.

While good accountants do their best to avoid mistakes and ensure accuracy, they are not infallible. It is important to establish effective inspection processes and quality control to identify and correct errors before they can cause serious problems. A reliable accountant understands his role and responsibility, but at the same time it is important to recognize that mistakes can happen and that constant learning and improvement are necessary.

So which is more wrong, human or artificial intelligence?

The rate at which errors occur, whether by humans or artificial intelligence, can vary depending on a number of factors, including the field, tools and processes used. However, it is difficult to accurately quantify the percentage distribution of errors in accounting.
Here are some aspects to consider:

Human error rate

  • Studies have shown that human errors in accounting can reach 1-5% of the total number of transactions.
  • For example, if a company has 1,000 accounting transactions per month, this may mean that 10 to 50 transactions may contain errors.

AI error rate

  • The use of AI in accounting can reduce the number of errors, but it is not completely error-free.
  • Research shows 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 1,000 transactions uses AI, that could mean 5 to 20 transactions where the AI could make a mistake.

The statistical accuracy of the prior is debatable, but most agree that if the raw data is correct, the computer has a significantly greater advantage in providing correct coverage.
AI is capable of learning from mistakes and constantly improving, which helps to reduce errors and increase the accuracy and efficiency of the system. This process is not automatic, but requires quality data acquisition, feedback and technological innovation. Therefore, it is important that AI is also supported by humans who can provide the necessary feedback and make the necessary adjustments.

It is certain that with the development of technology, accounting becomes more and more accurate and of higher quality.

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