Abstract

Author:
Shimul Chowdhury, S M Sahariar Islam, Jannatul Ferdousi, Rifatun Nesa Rob, Md. Farid Hasan, Kamrul Islam Rana, Md. Mehadi Hassan, Jannatul Ferdous Sweety, Md. Abdullah Al Mamun

Doi: 10.26480/mbmj.01.2025.44.51

This is an open access article distributed under the Creative Commons Attribution License CC BY 4.0, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited

Artificial intelligence (AI) has emerged as a disruptive force in the accounting and financial industries internationally, enabling substantial breakthroughs in automation, data processing, and decision-making processes. Despite its promise, the adoption of AI in Bangladesh’s accounting and finance business remains embryonic, distinguished by specific difficulties and possibilities. This article explores the opportunities and obstacles of AI adoption within this industry, attempting to give a full grasp of its present condition and future potential. The report reveals major gaps in AI integration, including technical, legislative, and organizational constraints that limit mainstream implementation. Key goals include studying the potential advantages of AI, such as enhanced efficiency and accuracy in financial operations, and analyzing the hurdles encountered by organizations, including resistance to change and talent shortages. A mixed-methods approach was adopted, combining quantitative surveys of 240 professionals from different financial institutions with qualitative, semi-structured interviews of 20 industry experts. Quantitative data was evaluated using descriptive and inferential statistical approaches, while qualitative data was submitted to theme analysis to elicit subtle insights. Findings demonstrate that although there is a rising interest and favorable view towards AI, important hurdles remain, such as insufficient infrastructure and limited knowledge. The report indicates that solving these obstacles via focused strategies and regulations is vital for utilizing AI’s full potential in Bangladesh’s accounting and finance industry. The analysis underlines the need for increasing investment in technology and training to support effective AI deployment.