The field of accounting has undergone a major transformation in recent times because of the use of artificial intelligence to automate recurring tasks and to improve fraud detection, financial reporting, and decision-making. Despite bringing improvements in efficiency and accuracy, AI has also given rise to issues like data security violations, ethical concerns, job displacement, and regulatory intricacies. The paper presents a review of how these developments are viewed by accounting professionals, who call for a balanced approach to maximising the benefits of AI while minimising its risks. To ensure the ethical and effective adoption of AI in financial management, the study emphasises the need for robust governance, strategic integration, and skill development.