This study shows an overview of the prior research in the field of AI applications in accounting and auditing. this would appraise how the AI technology applications are prepared for accounting and auditing, providing information on the risks and probable benefits. To achieve these objectives, the research would be a narrative literature review using articles from the Scopus database that were published between 1992 and early 2022. After examining and analysing these studies according to the historical approach, the areas of artificial intelligence that can be used were identified, besides the types of these applications and the role assigned to each application with the aim of supporting the financial auditing and accounting process. Then, the study concluded that the application of AI in the accounting and auditing provided benefits of greater efficiency, productivity, and accuracy with risk of income and wealth inequality, the extinction of traditional jobs, and unskilled employees.