After a nearly two-hour discussion with one of my great teachers on a Sunday afternoon, I returned to my laptop with a substantial amount of homework, seemingly enough for an entire academic term. The reluctant student in me began to sift through the materials he suggested, the recommended books, and created a multi-gigabyte folder as instructed. The outcome of this effort led me to understand the prevailing perception among researchers: the advent of AI will significantly impact current accounting, auditing, and regulatory practices, enhancing the overall efficiency of the ecosystem. They believe that areas requiring professional judgment will remain within the realm of human professional intelligence. Furthermore, they foresee no significant disruptive impact requiring the profession to drastically adapt beyond upskilling. I posed the question to Gemini, “Can AI and the latest technologies disrupt the accounting and auditing profession?” Interestingly, Gemini echoed a similar sentime...