Not yet - that is what doctors are saying, speech recognition software is 60% exact and discerning human ears are not 99% imperfect, the 39% gulf between man and machine will take quite a long time . So until machine is able to rival guy, audio-to-text conversion is going to remain in the domain that is human.
Audio-to-Text conversion or transcribe audio to text the other name to it, is providing employment to lots of people around the globe, for example in the US it's estimated to be a $10.6 billion industry. In Philippines or India many companies are supplying the service online, and professionals in US have now been soliciting services from these states due to the low wage labor accessible in these nations.
In India for instance, home based transcribers have high speed internet access and many of them are supplying services for sound-to-text conversion to doctors, lawyers and multimedia professionals. The multimedia firms in the US were paying just as much as $90 for an hour of sound to convert into text, and the Indians are willing to do it for as less as $60.