Research and explore what is Artificial intelligence (AI) and Blockchain. Critically analyse how are they currently used in accounting and what is their potential future in the field.

Based on the article and additional research, discuss in detail in a real life scenario how AI and Blockchain can be used to advance the work of an accountant or an accounting function within an organisation.

Critically evaluate any arguments made by the author Daniel Hood in the reference article above. Do you agree or disagree? Explain your point of view and provide evidence in support of your point of view.

Comment on how is financial reporting regulation likely to change in the future with advancement in technologies in accounting