The AI Impact Timeline: What to Expect
AI's impact on accounting and auditing is unfolding rapidly. By 2028, approximately 50% of tasks will be automated. Routine bookkeeping, tax preparation, reconciliation, and basic audit procedures are already being replaced by platforms like QuickBooks AI and automated audit tools from major firms.
The early wave of automation targets transactional work. Junior accountants and bookkeepers primarily handling these tasks could see displacement as early as 2026. This signals an immediate need for those in entry-level roles to re-evaluate their skill sets.
The mid-wave of transformation will see AI further integrated into more complex procedures. While commoditized bookkeeping disappears, high-value advisory and AI-assisted strategic planning are set to grow, extending career paths for those who adapt.