The Power of Applied AI: how firms are embracing AI in 2026
AI adoption is accelerating across accounting, but results are mixed.
This report uncovers how firms are really using AI today, where it’s creating risk, and how to apply it in a way that delivers accuracy, control, and measurable impact.
AI is becoming part of everyday accounting workflows. Firms are adopting new tools to automate tasks, improve efficiency, and scale their operations. But adoption alone doesn’t guarantee results.
Many of the tools being used today weren’t built for accounting — leading to inconsistent outputs, increased errors, and additional time spent reviewing and correcting work. This report brings together research and real-world data to show what’s working, what isn’t, and how firms can apply AI more effectively.
Download the report
The reality of AI in accounting today
AI is widely used but not always trusted. In many cases, firms and their clients are relying on general-purpose AI tools for financial decisions without the necessary controls. The consequences are already clear: AI is creating efficiency in some areas, but new inefficiencies in others.
96%
waste time fixing AI mistakes
81%
see increased error rates
47%
see financial losses linked to AI use
Not all AI is the same
There is a clear difference between AI built for general use and AI designed for accounting workflows.
Public AI
General-purpose tools
Limited control and verification
Outputs that require significant validation
Applied AI
Built for specific financial tasks
Designed for accuracy and auditability
Integrated into existing workflows
Where AI is delivering value
AI is already creating measurable benefits for firms when applied correctly.
The strongest results are seen in:
Bookkeeping efficiency
Workflow improvements
Advisory output
These gains are most consistent in structured, repeatable tasks where accuracy can be controlled.
Where AI is creating challenges
Alongside these benefits, firms are also facing new risks.
Common issues include:
Incorrect expense categorisation
VAT/GST errors
Flawed tax advice
Payroll inaccuracies
These challenges increase the need for oversight, validation, and stronger controls.
What to consider when adopting AI
As AI becomes more embedded in workflows, firms need clear criteria for evaluating tools:
Data control
Accuracy and reliability
Auditability of outputs
Fit within existing workflows
Download the full report
The Power of Applied AI Report provides:
Data on how firms are using AI today
Insight into where AI delivers the most value
Analysis of common risks and challenges
A framework for applying AI effectively in your firm
👉 Download the report to apply AI with greater clarity and confidence
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